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August 13, 2026
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Sam George calls for home-grown fintech solutions to drive Ghana’s digital economy
Money
Policy
Opportunity
Growth
Key Points
- Communications Minister Samuel Nartey George urged Ghana's technology sector to develop local fintech solutions, moving away from imported platforms.
- He emphasized Ghana's capability to build its digital finance future through local innovation.
- The government aims to foster an environment where young Ghanaians are encouraged to solve problems with technology.
- Minister George believes Ghana possesses the talent, through universities and innovation hubs, to produce globally competitive fintech companies.
- He stressed the necessity of supportive regulations that protect consumers and build trust in digital financial services, while also encouraging innovation.
Why This Matters
This article is significant for Ghana as it highlights a strategic push towards self-reliance and economic independence in the critical fintech sector. By advocating for local innovation and appropriate regulation, Ghana aims to create jobs, foster its digital economy, and ensure that the benefits of technological advancement are retained within the country, rather than relying on foreign solutions.
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Why celebrate $2.62bn FDI while losing $1.7bn under the Domestic Gold Programme? IERPP asks
- The Institute of Economic Research and Public Policy (IERPP) welcomes Ghana's US$2.62 billion Foreign Direct Investment (FDI) as a sign of investor confidence.
- However, IERPP tempers this optimism with concern over an estimated GH¢22 billion (US$1.7 billion) loss from the Domestic Gold Purchase Program (DGPP).
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