MobileMoney Fintech LTD, MTN Ghana to Lead Fintech Conversations at 3i Africa Summit 2026
MobileMoney Fintech LTD (MMFL) and MTN Ghana will play leading roles at the 2026 edition of the 3i Africa Summit, one of the continent’s foremost gatherings of fintech innovators, policymakers, regulators, and institutional investors. The summit will be held from May 6 to May 8, 2026, at the Destiny Arena in Accra, Ghana, under the theme “The Next Frontier: Shaping Africa’s Integrated FinTech Future.” At the opening of the summit, MTN Group President & CEO Ralph Mupita will take part in a fireside chat on “The Future of Digital Finance in Emerging Markets,” as African economies accelerate investment in digital financial infrastructure. Senior Vice President, MTN Group—WECA, Ebenezer Twum Asante, will also contribute to discussions on how mobile money, embedded finance, and telecom-led ecosystems are expanding access to financial services across Africa and beyond. Shaibu Haruna, CEO of MobileMoney Fintech LTD, will deliver a keynote on “Strengthening Consumer Protection in High-Velocity Credit & Banking Markets,” examining the growing need for robust safeguards as digital credit and mobile banking services scale rapidly across Africa’s emerging markets. Adoma Owusu, General Manager, Fintech Business Development & Expansion, MTN Group Fintech, will join a panel on “Beyond Trading: Creating Real Utility in Africa,” exploring how virtual assets are being applied to address real-world challenges across payments, financing, and service delivery. Beyond the keynotes, Sylvia Otuo Acheampong, Chief Products & Services Officer of MMFL, and Angela Mensah-Poku, Chief Enterprise Business Officer of MTN Ghana, will add further executive leadership to the summit, moderating panel sessions across the three-day programme. Commenting on the summit, Shaibu Haruna, CEO, MobileMoney Fintech LTD, said the event reflects both the continent’s momentum and MMFL’s commitment to responsible, people-centred financial innovation. “Africa is no longer waiting for the world to define its financial future; we are actively building it. At MobileMoney Fintech LTD, we understand that speed and scale in digital finance must always be matched by responsibility. The 3i Africa Summit is exactly the kind of platform where those conversations must happen, and we are proud to be part of shaping that dialogue,” he said. Now in its third year, the 3i Africa Summit has established itself as a premier continental platform anchored in Innovation, Investment, and Impact. The 2026 edition signals Africa’s shift from observation to structured implementation—integrating virtual assets, tokenisation, artificial intelligence, open banking, and digital public infrastructure to build more resilient financial systems. MMFL and MTN Ghana’s participation underscores the companies’ commitment to responsible financial innovation and to ensuring that Africa’s rapid fintech growth translates into lasting, inclusive economic impact for consumers across the continent. Source: Apexnewsgh.com
MTN GHANA BRIDGES ACADEMIA AND INDUSTRY WITH HANDS-ON TECH EXPERIENCE FOR 200+ STUDENTS
MTN Ghana has hosted more than 200 students from various educational institutions in Accra for an engaging, hands-on technology immersion at MTN House, bringing classroom theory to life and fuelling interest in STEM and digital innovation. Students from Ashesi University, Ghana International School, Cradle Star Academy, and Kinderland School explored MTN Ghana’s rich history, core values, customer-focused innovations, and digital transformation agenda. They were introduced to the company’s sustainability and social impact initiatives, spanning education, youth empowerment, and community development. A key highlight of the visits was a tour of MTN Ghana’s Network Operations Centre (NOC) and data centres. Students gained firsthand exposure to the advanced technology, systems, and expertise powering seamless connectivity for millions daily, offering a rare look into how MTN ensures network performance, security, and resilience. Speaking on the initiative, the Chief Corporate Services and Sustainability Officer at MTN Ghana, Adwoa Wiafe, noted, “Hosting students at MTN House reflects our commitment to shaping Ghana’s digital future. As we deliver our Ambition 2030 strategy, we are deepening investments in youth development through programmes like the Bright Scholarship, the MTN Digital Skills Academy, and collaborations on the One Million Coders Programme and the Girls in ICT initiative led by the Ministry of Communications, Digital Technology and Innovation.” Paschal Paaga, Manager for IT Projects Implementation, emphasised the importance of experiential learning. ‘’By opening our doors, we are helping to bridge the gap between academia and industry. We want young people to see the real-world impact of technology and be inspired to pursue careers in STEM.” For many participants, the experience was transformative. Maame Sapomaa, a Level 300 Information Systems student from Ashesi University, shared, “The visit was incredibly inspiring. Everything we have learned in the classroom came to life, and we were exposed to new concepts beyond our studies. It has motivated me even more to pursue a career in technology.” As MTN Ghana advances its Ambition 2030 vision, the company remains committed to driving digital inclusion, platform-led innovation, and building strategic partnerships that support Ghana’s long-term socio-economic development. Source: Apexnewsgh.com
Bank of Ghana Defends Financial Health Amid Scrutiny Over 2025 Losses
The Bank of Ghana (BoG) has moved to reassure the public and policymakers about its financial strength following heightened scrutiny of its 2025 accounts, which revealed a significant GH¢15.6 billion loss. Addressing concerns on Channel One TV’s “Face to Face” on Tuesday, May 5, BoG’s Head of Communications, Bernard Otabil, maintained that the central bank remains fully capable of fulfilling its mandate despite the reported losses. Otabil explained that the institution’s financial position should be understood within the unique context of central banking, where policy effectiveness is prioritized over profitability. “We are policy solvent,” he stated. “If in doubt, you always have to look at the cash flow position. The accounts presented came with other supporting documents, all laid out transparently. There’s nothing to suggest the Central Bank cannot continue its business as usual, nor will any significant part of its operations be curtailed in the foreseeable future.” He pointed to the BoG’s “policy solvency” figure, approximately 5.5 billion, as evidence of the bank’s resilience. According to Otabil, policy solvency demonstrates the Bank’s capacity to fund and sustain its monetary policy operations, including managing liquidity and maintaining price stability across the economy. The BoG’s 2025 financial results have sparked public and political debate, with critics raising concerns about the scale of the central bank’s losses and its negative equity position. However, Otabil urged commentators to interpret these numbers in context, noting that central bank balance sheets often reflect the costs involved in stabilizing economies during turbulent times. He stressed that the central bank’s ability to operate effectively remains unaffected, dismissing suggestions that its financial standing could undermine its core mandate. “If you look at what has been put there, it gives you a strong sense that the Central Bank is still functioning as expected,” he assured. Source: Apexnewsgh.com
Majority in Parliament Criticises Akufo-Addo Government Over Failure to Achieve Macroeconomic Stability Amid BoG Losses
The Majority in Parliament has publicly criticised the Akufo-Addo administration for what it describes as a failure to achieve macroeconomic stability, pointing to the Bank of Ghana’s cumulative losses of over GH₵80 billion between 2022 and 2024 as evidence of persistent economic challenges. Addressing journalists, Eric Afful, Chairman of Parliament’s Economy and Development Committee and Member of Parliament for Amenfi West, outlined a series of economic hurdles that, in his view, have contributed to the central bank’s reported loss of GH₵15.6 billion in 2025. He argued that despite these significant operational losses, the country’s economic fundamentals remain weak. “Inflation surged to a peak of 54.13% in 2022 before easing to 23.84% by the end of 2024. The Ghana cedi continued to depreciate, reaching approximately GH₵14 to a dollar by December 2024, a depreciation of about 19.7%,” Afful stated. He further noted that gross international reserves were only sufficient to cover around four months of imports, standing at $9.3 billion in 2024. Afful also highlighted the central bank’s deteriorating equity position, revealing that negative equity stood at GH₵64.34 billion in 2023, improving only marginally to negative GH₵61 billion in 2024. “Despite all these losses, we have not seen a corresponding improvement in the economy’s fundamentals,” he remarked. He argued that the losses recorded in 2025 should not be viewed in isolation but rather as part of ongoing policy interventions intended to stabilise the economy. “Given these considerations, the 2025 outcomes must be understood as the continuation of a deliberate and necessary policy intervention,” Afful explained. The Majority’s critique comes at a time of heightened scrutiny over the government’s economic management, with many stakeholders calling for renewed efforts to address inflation, currency depreciation, and the central bank’s financial health. Source: Apexnewsgh.com
Bank of Ghana Slashes Currency Issuance Costs Amid Rising Cash Demand in 2025
The Bank of Ghana (BoG) has achieved a significant reduction in the cost of issuing currency in 2025, even as the volume of cash circulating in the economy reached new highs. According to the central bank’s latest financial statements, the total cost of currency issuance dropped sharply from over GH¢1 billion in 2024 to GH¢471.4 million in 2025, a noteworthy operational shift for the institution. The decline was largely fueled by a dramatic 72% fall in direct production expenses, with the cost of printing banknotes and minting coins plummeting from GH¢986 million to GH¢277 million year-on-year. This points to a deliberate strategy by the BoG to scale back physical currency production, likely through better inventory management, reduced replacement needs, or targeted cost-optimisation measures. However, the overall picture of currency management remains complex. While the central bank succeeded in slashing production costs, several other operational expenses saw increases. Agency fees inched up to GH¢10.6 million, foreign currency import costs rose from GH¢14.4 million to GH¢16.5 million, and miscellaneous currency-related expenses surged to GH¢183 million from GH¢14.6 million. This sharp rise in ancillary costs partially offset the savings made in printing and minting, highlighting continuing logistical and management pressures. Despite the cost-cutting measures, Ghanaians’ appetite for cash showed no sign of waning. Currency in circulation, defined by the BoG as the total face value of banknotes and coins held by the public and financial institutions, net of cash in the central bank’s vaults, increased by about 17%, rising from GH¢71.6 billion in 2024 to GH¢83.8 billion in 2025. The latest data underscores the BoG’s evolving approach to operational efficiency in currency management, even as demand for physical cash continues to grow across the country. Source: Apexnewsgh.com
Minister Sam George Announces Ghana’s Ambitious Drive to Become Africa’s Leading AI Hub
Ghana has set its sights on becoming Africa’s foremost hub for Artificial Intelligence, according to Sam Nartey George, the Minister for Communication, Digital Technology, and Innovation. The minister made this declaration at the official launch of Ghana’s National AI Strategy on Friday, April 24, a landmark initiative designed to provide a comprehensive framework for the development, deployment, and regulation of AI systems across the nation’s key economic sectors. The National AI Strategy is poised to drive innovation in Ghana while upholding ethical standards, ensuring data protection, and making technology accessible to all. Minister George, addressing a gathering of stakeholders, underscored the vital importance of collaboration among government agencies, private sector players, academia, and citizens. Such partnerships, he asserted, are essential to realizing the nation’s bold ambitions in the digital age. Highlighting the transformative power of artificial intelligence, Sam George noted that AI is already reshaping industries such as healthcare, education, agriculture, finance, and governance. He expressed confidence in Ghana’s ability to lead the continent, stating, “Ghana stands capable and ready to lead and become Africa’s AI hub by strengthening collaboration between government, industry, academia and citizens. We will build a Ghana that owns its future in the age of intelligence.” The new strategy is expected to prioritize capacity building by promoting STEM education, supporting research institutions, and encouraging the growth of local innovation hubs. As artificial intelligence continues to revolutionize economies worldwide, Ghana’s proactive approach aims to secure its place at the forefront of Africa’s technological transformation. Source: Apexnewsgh.com
President Mahama Unveils $270 Million Investment to Propel Ghana’s Artificial Intelligence Ambitions
In a landmark announcement at the launch of Ghana’s National Artificial Intelligence Strategy in Accra on Friday, April 24, President John Dramani Mahama revealed a $270 million investment package aimed at fast-tracking the country’s AI agenda. This bold move is part of the government’s vision to position Ghana as a leading digital innovation hub in Africa. Outlining the government’s plans, President Mahama stated that $250 million will be allocated to the creation of a world-class AI Computing Centre, an ambitious facility set to become the nerve centre for research, innovation, and enterprise development. The centre will empower local talent to develop solutions with the potential for impact across the African continent. An additional $20 million will be dedicated to the rollout and implementation of Ghana’s National AI Strategy, supporting short- to medium-term goals and helping to build a solid foundation for the country’s digital transformation. “Infrastructure is the foundation upon which innovation rests. Ghana will invest $250 million to establish a world-class AI computing centre. In addition, the government will commit $20 million to support the short to medium-term National AI strategy. These investments are bold but necessary,” President Mahama affirmed. The investment forms a pivotal part of Ghana’s broader efforts to strengthen digital infrastructure and expand its participation in the global artificial intelligence economy, ensuring the country remains at the forefront of technological advancement in Africa. Source: Apexnewsgh.com
President Mahama Launches Ambitious One Million Coders Programme to Empower Ghanaians with Digital and AI Skills
At the launch of Ghana’s National Artificial Intelligence Strategy in Accra on Friday, April 24, President John Dramani Mahama announced a bold new step in the nation’s digital evolution: 300,000 Ghanaians will be trained this year under the government’s One Million Coders Programme. The initiative is a cornerstone of the government’s drive to equip the workforce with cutting-edge digital and artificial intelligence skills, preparing the country for the future. President Mahama highlighted that last year’s pilot phase allowed the Ministry of Communication, Digital Technology, and Innovation to test the programme’s readiness for a nationwide rollout. “The portal is now open, and more than 100,000 applications have already been processed,” he revealed, underlining the excitement and demand for the programme. Currently, citizens can choose from over 15 courses in 10 different disciplines, with learning centres established in local communities to make training accessible. “These are more than numbers, they represent opportunities, employability, and national preparedness,” President Mahama affirmed. He emphasized that developing human capital stands at the heart of Ghana’s AI strategy, with structured opportunities critical for unlocking the nation’s youthful potential. The One Million Coders Programme is designed not only to teach young Ghanaians practical digital and AI skills but also to promote innovation and entrepreneurship. President Mahama stressed that this initiative will help build a robust national talent pipeline, positioning Ghana as a forward-looking competitor in the global digital economy. Source: Apexewsgh.com
Ministry of Energy and NEDCo Begin Transformer Upgrades to Boost Power Supply in Northern Region
The Ministry of Energy and Green Transition, in partnership with the Northern Electricity Distribution Company (NEDCo), has launched a major initiative to replace and upgrade distribution transformers in Tamale and neighbouring communities across the Northern Region. This intervention is part of a broader strategy to improve voltage stability, reduce frequent power outages, and enhance the reliability of electricity supply to homes, businesses, and public institutions in the area. Announcing the project on Facebook, sector Minister Dr. John Jinapor explained that the upgrade is designed to strengthen the electricity distribution network in response to rising demand for power. He further noted that the enhancements are expected to significantly reduce system losses and boost the overall efficiency of electricity delivery within the affected communities. Dr. Jinapor assured residents that the upgrade works will be conducted in carefully planned phases to minimise disruptions. He reaffirmed the Ministry’s commitment to ensuring a more stable and dependable power supply throughout Tamale and its environs as the project progresses. Source: Apexnewsgh.com
The Governor of the Bank of Ghana Urges Fintechs to Balance Innovation with Compliance and Consumer Protection
At a breakfast meeting with licensed Fintech institutions held at Bank Square in Accra on Thursday, April 23, 2026, the Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, delivered a clear and timely message to the Fintech industry. He called on companies to ensure that their drive for innovation is matched by a strong commitment to regulatory compliance and consumer protection. Addressing the gathering, Dr. Asiama underscored the importance of early engagement with regulators, sound corporate governance, and responsible innovation. He acknowledged Ghana’s impressive progress in digital payments and financial inclusion over the past decade, noting that the continued success of the sector will depend on how responsibly Fintech firms operate going forward. “Over the past decade, Ghana has emerged as a leader in digital payments and financial inclusion,” Dr. Asiama remarked. “Our role is not to slow innovation, but to ensure it endures.” He reaffirmed the Bank of Ghana’s commitment to fostering a financial ecosystem that nurtures innovation without compromising the safety and interests of consumers. The event served as a reminder that the future of Ghana’s financial landscape depends on striking the right balance between progress and prudence. Source: Apexnewsgh.com