Samuel Nartey George, Minister-Designate for Communication, Digital Technology and Innovations, has emphasised that financial technology (fintech) is central to President John Dramani Mahama’s economic vision, highlighting its role in driving financial inclusion and economic growth.
Speaking during his vetting by the Appointments Committee on January 30, 2025, Sam George stressed that fintech will be a key pillar of the government’s strategy to modernise Ghana’s digital economy.
“Fintech is at the heart of Mahama’s government. We recognise the transformative power of digital financial services in driving economic development and ensuring financial inclusion for all,” he stated.
During his campaign towards the December 2024 election, President John Mahama promised to set up a US$50 million Fintech fund to support fintech startups to innovate. Sam George said the plan is to grow that fund to US$300 million through the support of various stakeholders such as angel financiers and donor organizations.
He said the fund will provide grants to startups to innovate and drive affordable services that deepen financial inclusion.
Sam George highlighted the administration’s commitment to:
✅ Enhancing digital payment systems to reduce cash dependency
✅ Expanding financial accessibility for marginalised communities and
✅ Creating policies that foster fintech innovation and investment
He assured Ghanaians that under President Mahama’s leadership, fintech will play a critical role in making financial transactions seamless, efficient, and more inclusive.
While pledging to create an enabling environment for fintech startups and digital businesses to thrive, the nominee also emphasised the need for strong regulatory oversight to protect consumers and ensure sustainable growth.
“We will work closely with stakeholders to strike the right balance—encouraging innovation while maintaining financial security and regulatory integrity,” he said,
On that score, he said there are plans to create more fintech sandboxes and other such mechanisms to properly regulate new innovations and ensure they thrived without posing a threat to the country’s financial stability.
With fintech emerging as a cornerstone of Ghana’s digital economy, Sam George’s vision aligns with the government’s broader goal of leveraging technology to drive financial empowerment, economic efficiency, and national development.
Some extensive legal tinkering is required to achieve the policy shift the Minister is signaling. Read my views here https://lifeandtimesofjoncorleone.wordpress.com/2025/02/08/more-than-just-a-name-change-does-the-re-designation-of-the-ministry-of-communications-and-digitalisation-into-the-ministry-of-communication-digital-technology-and-innovation-signal-a-hard-fork-in-t/