First Deputy Governor of the Bank of Ghana (BoG), Dr. Zakari Mumuni has reaffirmed the central bank’s commitment to fostering responsible innovation as a pivotal strategy for achieving comprehensive financial inclusion.
During his address at the AyaHQ Public-Private Sector Roundtable in Accra on June 25, 2025, Dr. Mumuni underscored the Bank’s forward-looking stance on emerging financial technologies. He highlighted initiatives involving digital assets, open banking, and the e-Cedi, all of which are being developed with the aim of creating secure, inclusive, and efficient financial ecosystems.
Dr. Mumuni noted Ghana’s accelerated digitalization within its financial services sector and emphasized the Bank of Ghana’s dedication to ensuring this growth is underpinned by a strong, risk-managed framework. In this regard, he cited key regulatory interventions, including the Payment Systems and Services Act of 2019 and the establishment of a regulatory sandbox designed for Financial Technology (FinTech) companies.
He further stressed that financial innovation must not jeopardize systemic stability. The First Deputy Governor detailed the BoG’s efforts in constructing a robust regulatory architecture to mitigate cyber risks, combat money laundering, and ensure consumer protection, all while permitting a conducive environment for experimentation.
Looking ahead, Dr. Mumuni disclosed that the Bank is actively exploring next-generation digital infrastructure projects. These include Universal Trusted Credentials (UTCs) and Digital Economy Semi-Fungible Tokens (DESFTs), initiatives aimed at broadening access to cross-border trade and financing opportunities for Ghanaian Small and Medium-sized Enterprises (SMEs).
He concluded by extending an invitation to innovators and startups to collaborate with the Bank of Ghana in advancing financial digitization across the nation. The roundtable, themed “Unlocking Economic Opportunity Through Innovation: Bridging Startups, Policy, and Capital in Ghana,” served as a platform for diverse stakeholders to collectively envision an innovation-led Ghanaian economy.