Should The Bank Of Ghana Appoint a Third Deputy Governor for Technology and Innovation?
- Ghana is one of the fastest-growing mobile money markets in Africa, with over 2 billion mobile money transactions in 2020.
- Mobile money services in Ghana could reduce transaction costs by up to 75%.
- The fintech sector in Ghana directly employs over 200,000 agents and has attracted investments exceeding $100 million.
The article presents a compelling case for the inclusion of a third deputy governor with a focus on technology and innovation at the Bank of Ghana. It highlights the positive impact of fintech on Ghana's economy and emphasizes the need for strategic reforms to keep up with global digital shifts. Implementing this role would enable Ghana to harness the full potential of fintech for economic development and position itself as a leader in the digital economy.
