The Minister for Communication, Digital Technology and Innovations, Samuel Nartey George, has challenged Ghana’s technology and financial ecosystem to develop home-grown fintech solutions instead of relying on imported technologies.
Speaking at the launch of a fintech initiative, the Minister said Ghana must demonstrate its commitment to developing indigenous technology capable of shaping the future of the country’s financial sector.
He said the initiative should serve as a test of Ghana’s readiness to “build the future of finance ourselves, rather than importing it.”
Mr George said Government’s priority was to empower young Ghanaians to become creators of technology and developers of solutions to local challenges.
“We want every young Ghanaian who looks at a problem to say, ‘I can build a solution,’ instead of waiting for someone else to solve it,” he said.
According to the Minister, Ghana possesses the talent and capacity to produce globally competitive fintech companies, with potential innovators emerging from universities, innovation hubs and individual developer communities across the country.
He, however, stressed that technological innovation must be accompanied by strong consumer protection and public confidence, particularly in the financial sector.
“Where money is involved, trust is not optional; it is the product,” Mr George said.
He called for a regulatory framework that protects consumers without stifling innovation, arguing that regulation must evolve alongside technological advancements.
The Minister said technology development should ultimately focus on improving the lives of citizens, expanding economic opportunities and creating prosperity.
“Technology must serve people. We are not building technology for technology’s sake; we are building it to improve lives, expand opportunity and create prosperity,” he added.
