Bank of Ghana Governor Johnson Astley-Pandit Asiama has identified significant challenges affecting digital financing in Ghana.
He highlighted issues such as market fragmentation, elevated transaction costs, and insufficient regulatory coordination as key obstacles, and further advocated for enhanced system connectivity and collaboration among markets and institutions.
Dr. Asiama articulated these points during his keynote address at the commencement of the 3i Africa Summit held at Destiny Arena in Accra on 6 May 2026.
The Governor also detailed the measures the Bank has implemented to bolster digital finance, which include the establishment of a framework for virtual assets, the issuance of digital credit guidelines, the promotion of open banking, and the encouragement of cross-border fintech activities.
He underscored the increasing significance of digital finance in fostering a robust fintech ecosystem.
The Governor remarked that African fintech institutions should progress from merely enhancing access to providing genuine value and measurable impact.
While acknowledging that approximately 49 percent of adults in sub-Saharan Africa currently possess digital financial accounts, he emphasized that the emphasis should transition from access to scalability, efficiency, and the meaningful utilization of financial services.
Dr. Asiama further noted that the forthcoming phase of digital finance will transcend basic payments to encompass digital credit, embedded finance, supply chain finance, and cross-border services, with a specific focus on women, MSMEs, and the informal sector.
