In closing remarks at the 3i Africa Summit 2026, Bank of Ghana First Deputy Governor Zakari Mumuni said Africa’s next phase of financial development depends on scaling and connecting existing digital finance capabilities rather than creating new models. He pointed to mobile money, instant payments, agent networks and government-led digital transfers as established building blocks, while identifying fragmented payment systems, uneven regulatory frameworks and limited interoperability as the main obstacles to a pan-African digital financial system. The speech set out a policy direction rather than announcing new measures. It called for governments, central banks and other regulators to take an active role in shaping the ecosystem so that innovation supports stability, trust and inclusion, and for cross-border partnerships to move from pilot projects to full implementation. Priorities highlighted included stronger digital public infrastructure, greater supervisory capacity and talent development, alongside closer attention to risks such as cybersecurity vulnerabilities, data misuse, irresponsible lending and market concentration.
Bank of Ghana 2026-05-06
Bank of Ghana urges cross border coordination to scale interoperable digital finance across Africa
The Bank of Ghana First Deputy Governor used closing remarks at the 3i Africa Summit 2026 to argue that Africa’s financial development should focus on scaling and connecting existing digital finance capabilities, rather than creating new models, to overcome fragmented payment systems and limited interoperability. While not announcing new measures, he outlined a policy direction calling for more active roles by governments and regulators, stronger digital public infrastructure, enhanced supervisory capacity, deeper cross-border partnerships, and closer attention to risks including cybersecurity, data misuse, irresponsible lending and market concentration.