Government to establish FinTech Innovation Fund to support startups
The Government has announced plans to set up a FinTech Innovation Fund to support startups in the FinTech industry to drive Ghana’s digital revolution.
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The Government has announced plans to set up a FinTech Innovation Fund to support startups in the FinTech industry to drive Ghana’s digital revolution.
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Vice President Mahamudu Bawumia has hailed the innovative strides being made by players and stakeholders in the Ghanaian digital ecosystem, especially in the area of FinTech, saying the technological feats chalked so far vindicate Government’s decision to lay a solid foundation for the digital transformation of the Ghanaian economy for inclusive development.
ACCRA, Ghana, December 18, 2023--EMTECH, a Modern Central Banking Infrastructure company, has successfully delivered a 12-week CBDC Hackathon as a strategic pilot for the Bank of Ghana. This is the company's latest technical partnership with Bank of Ghana, following the deployment of its Digital Regulatory Sandbox.
Speaking at the eCedi Hackathon Awards Dinner, the Governor said “The ORASS is a major reform using technology to enhance our oversight of the financial system and we are the first African Central Bank to develop such a system. We have had Central Banks come from South Africa, Egypt, Barbados, Zambia and Solomon Islands to learn from us”.