Governor of the Bank of Ghana, Dr. Johnson Asiama

Governor of the Bank of Ghana, Dr. Johnson Asiama, has called for coordinated efforts among African countries to enhance digital transformation across the continent.

According to him, although Africa is making progress in aligning with the goals of the African Continental Free Trade Area (AfCFTA), more needs to be done.

“Across the continent, the signs of progress are encouraging. Fintech is bridging access gaps, particularly for underserved and remote communities. Cross-border digital payments are gaining traction, promising to ease trade frictions and accelerate regional commerce.

“These gains are being reinforced by modern regulatory approaches… But as promising as these national initiatives are, they are not enough,” he said.

Dr. Asiama made these remarks during his opening address at the 3i Africa Policy Forum in Accra. He urged continental leaders to accelerate efforts toward creating a single, integrated African market under the theme: "One Africa, One Market: Driving Innovation, Investment, and Impact for a Connected Future."

Speaking before policymakers, central bankers, and industry leaders, Dr. Asiama emphasized that fragmented systems must give way to continental coordination, particularly under the AfCFTA.

“This means harmonising regulatory frameworks, fostering interoperability across financial infrastructures, and building trust and transparency across jurisdictions.

“No single institution, no matter how well-resourced, can drive this transformation alone. The aim is not just dialogue but deliverables—actionable steps that move us from intention to execution,” he said.

The event builds on the momentum of the 2024 3i Africa Summit, with outcomes expected to shape Africa’s digital finance agenda in the coming years.

ID/KA

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