{"id":182353,"date":"2024-05-14T21:01:35","date_gmt":"2024-05-14T21:01:35","guid":{"rendered":"https:\/\/www.ghanamma.com\/2024\/05\/14\/let-us-explore-new-opportunities-in-fintech-space-bog-governor\/"},"modified":"2024-05-14T21:01:35","modified_gmt":"2024-05-14T21:01:35","slug":"let-us-explore-new-opportunities-in-fintech-space-bog-governor","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2024\/05\/14\/let-us-explore-new-opportunities-in-fintech-space-bog-governor\/","title":{"rendered":"Let Us Explore New Opportunities In Fintech Space &#8211; BoG Governor"},"content":{"rendered":"<p><\/p>\n<div>\n<p><strong>Dr. Ernest Addison<\/strong><\/p>\n<p>\u00a0<\/p>\n<p>Governor of Bank of Ghana (BoG), Dr. Ernest Addison, has urged participants in the ongoing 3i Summit in Accra to explore new opportunities.<\/p>\n<p>According to him, although Africa\u2019s fintech growth has been hindered by investor scalability, it was important for stakeholders to explore new opportunities for positive digitalization change in the fintech space<\/p>\n<p>Dr. Addison was speaking at the opening ceremony of the 3i Africa Summit taking place at the Accra International Conference centre from 13th-15th May 2024.<\/p>\n<p>\u201cTogether let us work so that this 3i Africa Summit serves as a catalyst for positive digitalization change that will resonate across Africa and beyond\u201d, the Governor stressed.<\/p>\n<p>Dr. Addison identified a significant obstacle facing Africa\u2019s fintech sector including the lack of scalability for investors.<\/p>\n<p>He therefore emphasised the urgent need for Africa to accelerate its digitalisation efforts by nurturing homegrown financial technologies across the continent.<\/p>\n<p>He stressed the importance of prioritising innovation, investment, and impactful policy to propel economic growth and development through digitalisation.<\/p>\n<p>Dr. Addison highlighted Africa\u2019s advantageous position, citing it rapidly expanding and tech-savvy youthful population, widespread mobile phone usage, improving network accessibility, and the presence of indigenous fintech solutions.<\/p>\n<p>\u201cThe regulatory aspect is another reason not to ignore the issue of deficient findings in the fintech space. Fintech should have the ability to navigate regulatory requirements and meet complaint standards which we all agree are non-negotiables, especially, in Africa\u2019s financial industry. Hence the need to address the information gap between the investors and fintech startups to stimulate the payment ecosystem,\u201d he added.<\/p>\n<p>The summit is under the theme \u2018Unleashing the Fintech and Digital Economic Potential of Africa\u2019 and it is expected to bring together key players within the finance sector across Africa and the globe.<\/p>\n<p>On his part the Minister of Finance, Dr Mohammed Amin Adam, emphasised government\u2019s unwavering commitment to creating an enabling environment for the growth of the financial sector.<\/p>\n<p><strong>By Vincent Kubi<\/strong><\/p>\n<p><!-- AI CONTENT END 2 -->\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dr. Ernest Addison \u00a0 Governor of Bank of Ghana (BoG), Dr. Ernest Addison, has urged participants in the ongoing 3i Summit in Accra to explore new opportunities. According to him, although Africa\u2019s fintech growth has been hindered by investor scalability, it was important for stakeholders to explore new opportunities for positive digitalization change in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":178927,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-182353","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Let Us Explore New Opportunities In Fintech Space - BoG Governor - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2024\/05\/14\/let-us-explore-new-opportunities-in-fintech-space-bog-governor\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Let Us Explore New Opportunities In Fintech Space - BoG Governor - Ghanamma.com\" \/>\n<meta property=\"og:description\" content=\"Dr. Ernest Addison \u00a0 Governor of Bank of Ghana (BoG), Dr. Ernest Addison, has urged participants in the ongoing 3i Summit in Accra to explore new opportunities. 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