Ghana has reinforced its position as a continental leader in digital finance, processing 350 million digital transactions in a single quarter, according to Ms. Aminata Kane, Senior Vice President and Visa Head for Central and West Africa.
She said the surge in digital activity is being driven by the widespread use of mobile money, rapid fintech innovation, and growing consumer confidence in digital payment channels.
The trend, she noted, reflects Ghana’s accelerating shift from a cash-dependent society toward a modern cash-light economy.
Ms. Kane announced the milestone at the 2025 Payments Industry Cybersecurity Summit in Accra, co-hosted by the Bank of Ghana and global payments company Visa.
The summit focused on strengthening the balance between financial innovation and cybersecurity resilience.
Describing Ghana’s digital transformation as remarkable, Ms. Kane said the country had “achieved incredible growth in digital payments adoption over the past decade.”
She revealed that digital transactions now amount to GHC 27 billion every month, a value she said was large enough to cover the annual salaries of key public-sector workers such as nurses and teachers.
She added that the sustained growth demonstrated how deeply digital payments have become integrated into the “financial bloodstream” of the Ghanaian economy.
Ms. Kane highlighted Visa’s collaboration with the Bank of Ghana, saying the partnership combines global expertise with strong domestic oversight to advance payment security, fraud prevention, and capacity-building for banks and fintech companies.
“The future of our financial ecosystem hinges on enhancing collective resilience,” she said.
The Bank of Ghana also underscored the need for vigilance. Mr. Daniel Klu, Deputy Director and Acting Head of Information Security, cautioned that the very innovations fueling digital inclusion also expose the financial system to greater cyber risks.
He stressed that the central bank’s responsibility is to safeguard consumer data and financial safety without slowing down innovation.
Mr. Klu outlined several measures the Bank is taking to strengthen the ecosystem, including, the imminent rollout of an enhanced Cyber and Information Security Directive, expansion of the Financial Industry Command Security Operations Centre to extend protection across the sector and promotion of global cybersecurity standards for all regulated institutions.
