The Bank of Ghana opened its National Payment Systems Workshop on the Draft National Payment Systems Strategy (2025–2029), signalling a shift from the 2019–2024 strategy and inviting banks, fintechs, payment service providers, mobile money operators and other stakeholders to shape the next five-year roadmap for Ghana’s payments ecosystem. The First Deputy Governor framed the draft as a “living document” intended to support a more resilient, inclusive and globally competitive payments landscape. The remarks highlighted progress under the 2019–2024 strategy, including expanded digital payment channels, deeper interoperability across platforms, and strengthened regulatory frameworks. They also pointed to emerging challenges from virtual assets and tokenisation, the rise of dominant digital platforms and related concerns around competition, inclusiveness, financial stability and system resilience. Policy responses referenced included data interoperability or open banking, public digital infrastructures, electronic Know Your Customer frameworks and trusted digital identity systems, alongside a renewed focus on rising cybersecurity threats and online fraud. Discussions on the draft strategy were set to continue over the following days, with stakeholder input expected to refine priorities and ensure the strategy remains responsive to developments in the payments environment through 2029.
Bank of Ghana 2025-10-29
Bank of Ghana launches stakeholder workshop to refine draft National Payment Systems Strategy 2025–2029
The Bank of Ghana launched its National Payment Systems Workshop to discuss the Draft National Payment Systems Strategy (2025–2029), aiming to enhance resilience, inclusivity, and global competitiveness in Ghana's payments ecosystem. The strategy addresses progress and challenges from the previous plan, including digital payment expansion, interoperability, and regulatory frameworks, while tackling issues like virtual assets, competition, and cybersecurity. Stakeholder input will refine the strategy to adapt to evolving payment landscape dynamics.