The Ghana FinTech Association wants the Minister-Designate for Communication, Digital Technology and Innovations, Sam George to focus on reducing internet costs and expanding infrastructure to create an environment conducive to growth and innovation in the fintech sector. The Association’s President, Martin Kwame Awagah, is hopeful that under George’s leadership, the Ministry will prioritize policies that foster innovation and growth within Ghana’s rapidly expanding fintech ecosystem.
Mr. Awagah emphasized the Association’s enthusiasm for collaborating with the Ministry, stating, “We look forward to working together on developing clear, concise, and supportive regulations and policies that encourage fintech innovation while ensuring consumer protection.” A key area of focus for the Association is expanding and enhancing digital infrastructure, particularly improving internet connectivity and rolling out 5G, which will be crucial in facilitating seamless financial transactions across the country.
The Association is hopeful that under the leadership of Sam George, the Ministry will work to reduce internet usage costs. Additionally, they are eager to collaborate on strengthening partnerships between the government and fintech companies to drive inclusive financial solutions aligned with Ghana’s cashless agenda. Mr. Awagah also emphasized the need for capacity-building programmes to equip stakeholders with the skills needed to succeed in the evolving digital economy.
“We believe that through constructive dialogue and partnership, we can contribute to a regulatory environment that balances innovation with security, ultimately benefiting the broader Ghanaian economy,” said Mr. Awagah.
The Association is pushing for a swift implementation of key initiatives, including President Mahama’s US$50 million fintech growth fund and the scrapping of the e-levy, both of which are expected to significantly boost the industry. These initiatives are expected to empower local fintech startups and reduce transaction costs, further driving the growth of the digital economy.
They are committed to working closely with the Ministry to ensure that Ghana remains a leader in digital financial services across Africa.
Sam George’s extensive experience in the communications sector has made him a prominent figure in Ghana’s digital policy landscape. Between 2014 and 2016, he served as a communications specialist at the Office of the President, playing a pivotal role in shaping national communication strategies.
Since 2017, as the Member of Parliament for Ningo-Prampram, he has been a member of the Communications Committee, contributing significantly to legislative discussions on digital policies.
