The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiamah, has called for continental coordination to drive Africa’s digital financial integration.
Speaking at the 3i Africa Summit – Policy Forum in Accra, Ghana, Dr. Asiamah emphasized the need for harmonizing regulatory frameworks, fostering interoperability across financial infrastructures, and building trust and transparency across jurisdictions.
The Vision of One Africa, One Market
The theme of the summit, “One Africa, One Market: Driving Innovation, Investment, and Impact for a Connected Future,” speaks to the vision of Africa as a single, dynamic economic bloc powered by innovation, enabled by investment, and committed to inclusive and sustainable development.
Dr. Asiamah noted that realizing this vision requires bold, coordinated action across public and private sectors, grounded in policy foresight and a willingness to embrace transformative technologies.
Progress And Challenges
Dr. Asiamah highlighted the progress made in Africa’s digital financial integration, including the growth of fintech, digital assets, and cross-border payment solutions.
However, he also noted that these national initiatives are not enough and that continental coordination is necessary to fully realize the vision of One Africa, One Market.
The summit will address key levers for driving Africa’s digital financial integration, including attracting sustainable investment into fintech and digital finance, aligning regulatory approaches to unlock cross-border payments, empowering SMEs as drivers of regional trade and innovation, and ensuring responsible and secure adoption of stablecoins and digital assets.
Collaboration and Partnerships
The Bank of Ghana has been working with the Pan-African Payment and Settlement System (PAPSS) and has recently collaborated with the National Bank of Rwanda on a bilateral fintech passporting arrangement.
The bank is also proud to announce its collaboration with the National Bank of Rwanda and the Global Financial Technology Network (Singapore) on the Next-Gen Digital Payment Infrastructure Project (DPI).
