Ghana’s central bank has called on financial technology companies to deepen their role in shaping the country’s financial system, while placing stronger emphasis on responsibility, trust, and long-term stability.
First Deputy Governor of the Bank of Ghana, Dr. Zakari Mumuni, said fintech firms are no longer peripheral actors in the financial sector but key builders of a “new financial order.”
Speaking at a breakfast meeting with licensed fintech institutions in Accra on Thursday, Mumuni said the evolution of Ghana’s digital finance ecosystem has been driven by innovation and collaboration between regulators and industry players.
“At the Bank of Ghana, we do not see fintechs as peripheral players. We see you as architects of a new financial order, one that is faster, more inclusive, and more innovative,” he said.
His remarks come as fintech and mobile money platforms continue to play a central role in financial transactions across the country, expanding access to payments, savings, credit, and insurance services.
However, he cautioned that the next phase of growth must focus not only on scale but also on ensuring that innovation translates into meaningful economic outcomes for users.
While access to digital financial services has increased significantly, he noted that gaps remain in the depth and quality of services available to many users, particularly in areas such as credit and insurance.
The Bank of Ghana, he said, is working to strengthen shared digital infrastructure, improve digital identity systems, and maintain a regulatory environment that supports responsible experimentation while safeguarding trust and financial stability.
The meeting brought together senior fintech executives and regulators to discuss the future direction of Ghana’s digital finance ecosystem and the role of innovation in driving inclusive growth.
