The Governor of the Bank of Ghana (BoG), Dr Johnson Pandit Asiama, has announced a major commitment by the central bank to establish an Innovation Hub aimed at supporting and incubating financial technology innovations across the country and the African continent.
Speaking at the closing ceremony of the 3i Africa Summit 2026 in Accra on Friday, May 8, Dr Asiama said the initiative forms part of a broader strategy to strengthen Africa’s digital financial ecosystem and position Ghana as a leading gateway for financial innovation on the continent.
According to him, the Bank of Ghana will also introduce a separate legal framework for FinTech regulation, launch a Continental FinTech Sandbox to support innovation testing, and operationalise the National FinTech Inclusion Programme to expand access to digital financial services.
Dr Asiama noted that beyond policies and announcements, the most important outcome of the summit was the renewed confidence shown in Africa’s ability to lead global financial innovation.
“For the central bank, the most important indicator is what has been reflected in every conversation over the past three days — renewed confidence. We have seen confidence in African policy and innovation,” he stated.
Highlighting Ghana’s recent economic gains, the BoG Governor said the Ghana cedi has remained stable and appreciated against major international currencies over the past year. He added that inflation dropped to 3.4 percent in April 2026, describing it as one of the lowest rates recorded since the country adopted inflation targeting.
Dr Asiama further disclosed that Ghana’s economy recorded a 6.0 percent annual GDP growth rate in 2025, driven by strategic economic interventions and regulatory reforms.
He also pointed to several key reforms undertaken by the central bank, including amendments to the Bank of Ghana Act to promote greater independence and accountability.
According to him, the recently passed Virtual Asset Service Providers Act, 2025 (Act 1154), now provides a clear and protective framework for digital finance and virtual asset operations in Ghana.
Additionally, he said the Directive for Digital Credit Service Providers has been introduced to regulate digital lending institutions, while amendments to the Cyber and Information Security Directive are expected to strengthen resilience against evolving cyber threats and improve regulatory standards within the financial sector.
“These reforms have contributed significantly to safeguarding trust and confidence within the financial ecosystem,” Dr Asiama stated.
