BoG Governor Urges Digital Finance Institutions to Strengthen Africa’s Fintech Ecosystem
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Edited by: Solomon Kwabena Nana-Ansah – Paaps –
The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiama, has called on digital finance institutions across Africa to strengthen collaboration and innovation to build a resilient fintech ecosystem on the continent.
Speaking at the opening of the 3i Africa Summit held at Destiny Arena on Tuesday, 6 May 2026, Dr. Asiama highlighted the growing importance of digital finance in driving economic transformation and financial inclusion across Africa.
According to the Governor, African fintech institutions must move beyond simply expanding access to financial services and focus on delivering real value, scalability, efficiency, and measurable impact.
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He noted that nearly 49 per cent of adults in sub-Saharan Africa now possess digital financial accounts, describing the achievement as significant. However, he stressed that the next phase of growth must prioritise meaningful usage and sustainable financial solutions.
Dr. Asiama explained that the future of digital finance will extend beyond basic payment systems to areas such as digital credit, embedded finance, supply chain finance, and cross-border financial services. He added that special attention should be given to supporting women, micro, small and medium enterprises (MSMEs), and participants in the informal sector.
The Governor also identified several challenges affecting the continent’s fintech ecosystem, including market fragmentation, high transaction costs, and weak regulatory coordination. He therefore called for stronger collaboration among regulators, financial institutions, and fintech players to improve connectivity and integration across African markets.
Highlighting measures undertaken by the Bank of Ghana to support the digital finance space, Dr. Asiama disclosed that the central bank is developing a framework for virtual assets, issuing digital credit guidelines, advancing open banking initiatives, and promoting cross-border fintech operations.
The 3i Africa Summit brings together policymakers, investors, fintech innovators, and financial institutions to discuss strategies for accelerating digital transformation and financial inclusion across the continent.