Bank of Ghana Governor, Dr. Johnson Pandit Asiama, has urged African fintech institutions to move beyond simply increasing access to digital financial services and focus on delivering real value and measurable impact across the continent.
Delivering the keynote address at the opening of the 3i Africa Summit held at the Destiny Arena in Accra on May 6, 2026, Dr. Asiama said digital finance is becoming increasingly important in building a resilient and inclusive fintech ecosystem in Africa.
According to the Governor, nearly 49 per cent of adults in sub-Saharan Africa now own digital financial accounts, a sign of significant progress in financial inclusion. However, he stressed that the next stage of growth should concentrate on scalability, efficiency, and the meaningful use of financial services rather than just access.
Dr. Asiama explained that the future of digital finance would go beyond basic payment systems to include digital credit, embedded finance, supply chain finance, and cross-border financial services. He noted that these innovations must particularly support women, micro, small and medium-sized enterprises (MSMEs), and players within the informal sector.
He also highlighted several challenges affecting the growth of Africa’s fintech space, including fragmented markets, high transaction costs, and weak regulatory coordination. To address these issues, the Governor called for stronger collaboration among institutions and improved connectivity across financial systems and markets.
The Bank of Ghana Governor further outlined measures being implemented by the central bank to strengthen digital finance in the country. These include the development of a regulatory framework for virtual assets, the issuance of digital credit guidelines, progress toward open banking, and efforts to promote cross-border fintech operations.
Source: Apexnewsgh.com