Ghana calls for unified African digital financial market at 3i Africa Summit

Date: 2025-05-15
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The Governor of the Bank of Ghana, Dr. Johnson Asiama has opened the 3i Africa Policy Forum with a compelling call for continental financial integration under the theme "One Africa, One Market." The high-level gathering in Accra brings together policymakers, regulators, and financial technology leaders to translate vision into actionable strategies for Africa's digital economic transformation. 

The governor in his address emphasized that Africa's future depends on creating a seamless, innovation-driven economic bloc. "This is not mere aspiration but a strategic imperative," he stated, highlighting progress in fintech adoption, cross-border digital payments, and regulatory innovation across the continent. The Governor noted these advancements are creating opportunities for financial inclusion and intra-African trade alignment with the African Continental Free Trade Area (AfCFTA). 

Key priorities outlined for the forum include harmonizing regulatory frameworks, scaling digital payment solutions, and mobilizing investment for fintech growth. Dr. Asiama particularly stressed the need for interoperability across African financial systems and the responsible integration of digital assets. 

The Bank of Ghana announced significant collaborations, including ongoing work with the Pan-African Payment and Settlement System (PAPSS) and a new partnership with Rwanda's National Bank and Singapore's Global Financial Technology Network. This Next-Gen Digital Payment Infrastructure Project aims to modernize cross-border payments through central bank-led innovation. 

"By 2030, we must build a connected African financial ecosystem," Dr. Asiama challenged participants, urging pragmatic solutions that bridge policy and implementation. The forum serves as a critical platform to align continental efforts in creating what the Governor described as "Africa's digital financial powerhouse." 

The outcomes of these discussions are expected to shape concrete action plans for accelerating Africa's digital finance integration, with Ghana positioned as a key driver of this transformative agenda.

By:  Nana Appiah Acquaye

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