The Bank of Ghana has launched a stakeholder workshop to discuss and refine the Draft National Payment Systems Strategy for 2025–2029, aiming to transform the country’s payment ecosystem while building on the progress of the previous strategy covering 2019–2024.
The workshop brings together a diverse range of participants, including commercial banks, fintech companies, mobile money operators, payment service providers, regulators, and development partners.
The gathering provides a platform for open dialogue, evidence-based reflection, and strategic alignment, enabling stakeholders to contribute to the design and implementation of a digital payments framework that is safe, efficient, inclusive, and globally competitive.
In his opening remarks, Dr. Zakari Mumuni, First Deputy Governor of the Bank of Ghana, noted that Ghana has made remarkable strides in modernising its payment systems over the past five years. “We have witnessed the expansion of digital payments channels, deepened interoperability across platforms, and strengthened regulatory frameworks that foster trust and innovation. These collective efforts have enhanced access, empowered consumers, and positioned Ghana as one of Africa’s leaders in payment systems development,” he said.
Dr. Mumuni highlighted the transformative changes in the global financial landscape, driven by virtual assets and tokenisation technologies, which are reshaping how value is created, exchanged, and distributed. He stressed that payment systems now serve as critical networks enabling seamless, real-time transactions in an increasingly digital economy.
He also acknowledged emerging challenges, including the dominance of certain digital platforms, cybersecurity threats, and online fraud. “We must not allow these risks, though formidable, to erode the considerable progress we have made. Our collective resolve, spanning regulators, innovators, and industry stakeholders, is stronger than the challenges confronting us,” Dr. Mumuni stated.
To address these concerns, the BOG is promoting forward-looking initiatives, including open banking, public digital infrastructure to lower entry barriers, electronic Know Your Customer (eKYC) frameworks, and trusted digital identity systems, which facilitate broader financial inclusion and participation by non-bank entities.
“The transition to the new National Payment Systems Strategy (2025–2029) represents not just continuity, but transformation. It is an opportunity to reimagine our payment systems for the next phase of Ghana’s digital economy; one that is more resilient, inclusive, and globally competitive,” Dr. Mumuni said.
He encouraged stakeholders to engage actively in the workshop. “I encourage you to share your insights and perspectives with candour, challenge assumptions constructively, and propose forward-looking ideas that support our shared ideals of inclusion, stability, trust, and resilience,” he added.
Dr. Mumuni further commended the Bank of Ghana team that led the review of the previous strategy and coordinated the draft 2025–2029 document, as well as the partners who have contributed to the process.
The insights and recommendations from this stakeholder engagement are expected to refine the priorities of the new strategy and ensure it remains responsive to the fast-evolving payments environment over the next five years.
