Top 5 Finance Apps on Android in Ghana - Q2 2023

The second quarter of 2023 showcased impressive performances by the top finance apps on the Android platform in Ghana. Here’s a closer look at the weekly downloads, revenue, and active user trends for the top 5 apps, based on data from Sensor Tower.

RapidCedi-Credit cash loan

Weekly downloads for RapidCedi-Credit cash loan peaked at 64.8K in mid-April but saw a significant decline towards the end of the quarter, dropping to around 5.3K by mid-June. Despite the drop in downloads, weekly active users remained relatively stable, averaging around 240K throughout the quarter.

MoMo

MoMo experienced a steady increase in weekly downloads, peaking at 54.6K in mid-June. Active users also showed a positive trend, growing from approximately 76K at the start of the quarter to nearly 116K by the end of June.

SmatLoan

Weekly downloads for SmatLoan saw a significant spike in late April, reaching over 70.5K. However, by mid-May, downloads had decreased to approximately 13.4K.

Ultraloan - mobile cash loan

Ultraloan - mobile cash loan started strong with downloads peaking at 42.2K in early April but faced a sharp decline to just under 800 by the end of June. Active users followed a similar trend, starting at nearly 100K and ending the quarter around 106K.

NewLoan

NewLoan had a notable peak in weekly downloads at the beginning of April with 72.1K. However, this number fell to around 7.1K by early June. Active users remained more consistent, averaging around 230K throughout the quarter.

These insights underline the dynamic nature of the finance app market in Ghana. For more detailed analytics and trends, visit Sensor Tower.