3i Africa Summit: Africa Must Move Beyond Payments - BoG Governor
Dr. Johnson Asiama, Governor of the Bank of Ghana, called for a shift in Africa's digital finance agenda at the opening of the 2026 3i Africa Summit in Accra. He urged stakeholders "to move beyond basic payment systems towards value-driven financial solutions." He stated, "The next phase of digital finance will not be defined by payments alone," and "The opportunity now lies in building the next layer of value."
The three-day summit, running from May 6 to 8, brought together policymakers, central bank governors, fintech leaders and investors. Dr. Asiama cited World Bank data, noting that about 49% of adults in sub-Saharan Africa now have access to digital financial accounts. He described this as significant progress. He outlined digital credit, embedded finance, supply chain finance and cross-border services as critical to deepening inclusion. He explained that these innovations are essential to meeting the needs of small businesses, women, young people and the informal sector.
The Bank of Ghana is advancing new frameworks, including guidelines for digital credit, open banking initiatives, and measures to support cross-border fintech activity. Dr. Asiama stressed the need for stronger digital identity systems and improved coordination among institutions. He urged stakeholders to work together to unlock the full potential of digital finance.
Quick Summary
The 3i Africa Summit in Accra brought together financial experts to discuss Africa's digital finance future- with the Bank of Ghana Governor urging a shift. He emphasized the need to move past basic payment systems, but what does this entail?
Summary - read the full story for complete context.
Image: The Chronicle
GhanaFront aggregates news from trusted sources. Click to read the original article.
Keywords
Explore related tagsMore from The Chronicle
Related Stories
More from Business & Economy
It costs $92m monthly to keep the lights on - PURC boss
Discover the critical financial strategies and interventions essential for sustaining Ghana's power sector and preventing disruptions.
4h ago•3 min read
Gov't urged to remove taxes on solar panels to enhance residential accessibility
What if a simple policy change could unlock Ghana's renewable energy potential and solve residential power challenges?
6h ago•2 min read
Manuel Koranteng writes: Work, wellbeing and why Ghana's workplace culture needs an immediate rethink
Is Ghana's workplace culture truly supportive of employees during personal crises, or does it demand an impossible dedication?
13h ago•5 min read
Top 10 Most Visited Tourist Sites in Ghana in 2025
Discover which iconic landmarks and natural wonders captured the hearts of visitors, shaping Ghana's tourism landscape in 2025.
3h ago•2 min read
