Bank of Ghana hosts high-level Fintech networking event in Washington, DC
In a significant move to strengthen Ghana’s position in the global fintech landscape, the Bank of Ghana hosted a high-powered networking event in Washington DC, coinciding with the IMF/World Bank Annual Meetings. The event, hosted at the prestigious Hay-Adams, brought together key financial technology policymakers and industry leaders from both Ghana and the United States.
First Deputy Governor Dr. Maxwell Opoku-Afari led the Ghanaian delegation in what analysts view as a calculated step to attract international partnerships and investment in Ghana’s rapidly evolving fintech sector. Also, the presence of Ghana’s Ambassador to the United States, H.E. Hajia Alima Mahama, underscored the diplomatic significance of the initiative.
This gathering represents a crucial step in bridging the gap between African fintech innovation and global markets.
The timing of the event, during DC Fintech Week 2024, is particularly strategic, as it capitalizes on the presence of global financial leaders in Washington for the IMF/World Bank Annual Meetings.
The discussion panel, featuring Circle’s Chief Strategy Officer Dante Disparte and House Financial Services Committee Staff Director Charla Ouertatani, highlighted the growing intersection of traditional finance, digital currency, and regulatory frameworks.
It can be said that Ghana has been positioning itself as a fintech hub in West Africa, with the Bank of Ghana taking proactive steps in regulatory innovation. The participation of private sector leaders, including Ghana Technology Chamber Chairman Romeo Bugyei and FastPace Transfer Limited Chairman Dr. Henry Benyah, signals strong public-private collaboration in the country’s fintech agenda.
Prof. Chris Brummer, founder of DC FinTech Week, facilitated discussions that centred on regulatory harmonization and cross-border opportunities. The Bank of Ghana’s Director of FinTech and Innovation, Kwame A. Oppong, outlined the central bank’s vision for fostering innovation while maintaining financial stability.
As African fintech continues to attract global attention, Ghana’s proactive engagement with U.S. policymakers and industry leaders positions the country as the leader in championing and becoming the hub for fintech and innovation among African nations looking to develop their fintech ecosystems.
