• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

Ghana’s digital economy the foundation to build back stronger and better – StanChart CEO

3 years ago
in Banking & Finance, Business, Economy, Features, highlights, Home, home-news, latest News, Tech-guide, Technology
2 min read
0 0
0
121
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Ghana’s digital economy the foundation to build back stronger and better – StanChart CEO

Ghana’s digital economy, can serve as a strong foundation on which the Ghanaian economy can build back stronger and better, Mansa Nettey, Chief Executive Officer of Standard Chartered Bank has said.

According to Ms Nettey, the digital economy presents to government, the opportunity to leapfrog the country’s development, create jobs for citizens and initiate economic recovery and growth for the country.

“I believe that even with our challenging circumstances (prevailing macroeconomic challenges) as a country, the digital economy is a strong foundation on which we can build back stronger and better.

“I believe that this era presents us with the greatest opportunity to leapfrog our development, drive change for our people, create jobs for our youth, initiate economic recovery and growth and bring hope to our people,” said Ms Nettey at the 2nd Standard Chartered Digital Banking, Innovation and FinTech Festival 2022 on Wednesday, October 26.

Revenue from Ghana’s digital economy is projected to hit $905m by the end of 2022 per data made available by Statista.

RelatedPosts

President Mahama Touts Ghana’s Economic Rebound at General Assembly

President Mahama Calls for UN Security Council Reform, Reset of Global Financial System at 80th UNGA

New AfDB Review Highlights Inland Fisheries as Lifeline for Millions of Africans

The African continent’s digital economy is projected to grow to $108 billion by 2025 and expected to grow further to $712 billion by 2050.

In 2016, the digital economy the World Bank notes was worth an estimated $11.5 trillion worldwide, equivalent to 15.5 percent of global GDP.

It is however, forecasted to reach 25 percent in less than a decade, far outpacing the growth of the ‘traditional’ economy.

Speaking further at the FinTech Festival, Ms Nettey urged for more partnerships and collaborations between FinTechs, Telcos and banks, noting that it is only through partnerships between FinTechs, Telcos and banks, that the country can scale up and achieve its digitalisation and financial inclusion goal.

“A key milestone in Ghana has been the collaborative work between the Ghana Association of Banks (GAB) and the Ghana Interbank Payment and Settlement Systems (GhiPSS) which led to the roll out of the innovative industry wallet called Ghana Pay. There are several other collaborations that have spawned significant initiatives and innovations,” she added.

The FinTech Festival, Ms Nettey noted, will explore opportunities that exist in using digital technology to unlock Ghana’s and by extension Africa’s economic growth and focus on regulations that protect and enhance digital trade.

“We will delve into the future of banking, money, and payment systems in solving the complex financial inclusion challenges on our continent,” she said.

The 2nd edition of Standard Chartered Bank’s Digital Banking, Innovation and Fintech Festival 2022 themed “Powering Africa’s Digital Economy: Platforms | Players | Policy”, focuses on Africa’s digital transformation by engaging local and international players who are powering Africa’s digital transformative agenda.

The 2022 Fintech Festival features a series of plenary sessions that will explore the opportunities for co-creation by industry players to embrace digitization and the extent to which platforms and payments are currently creating value and helping industry players to be agile amidst the disruption.

Further more, in a session dedicated to women in technology, participants will discuss the urgent need for women-owned businesses to tap into the enormous opportunities offered by technology adoption and explore investment opportunities to help female owned businesses scale further and faster.

In addition to a great line up of insightful panel sessions, this year, in line with its brand promise to be “Here for good”, Standard Chartered has curated an exciting innovation and lab crawl as well as a Fintech Exhibition with participating Fintechs from Singapore, UK, Africa and Ghana.

Source: norvanreports
Tags: 2nd Standard Chartered Digital BankingGhana’s digital economy the foundation to build back stronger and better – StanChart CEOInnovation and FinTech Festival 2022Mansa NetteyStandard Chartered Bank
No Result
View All Result

Highlights

This Gamechanger Could Charge up Africa’s EV Ownership

Bank of Ghana Prices 1oz Gold Coin at GHS 47,960

President Mahama Rings Nasdaq Bell to Court Global Investors

African Countries That Survive on Diaspora Remittances More Than Export Earnings

Ghana Boxing Authority Promises Enhanced Medical Care for Boxers Following Bahubali’s Tragic Death

Premier League: Hearts of Oak eye Second Straight win as Eleven Wonders Visit Accra on Friday

Trending

Business

President Mahama Touts Ghana’s Economic Rebound at General Assembly

September 25, 2025

President Mahama Touts Ghana's Economic Rebound at General Assembly President John Dramani Mahama has claimed early success...

President Mahama Calls for UN Security Council Reform, Reset of Global Financial System at 80th UNGA

September 25, 2025

New AfDB Review Highlights Inland Fisheries as Lifeline for Millions of Africans

September 25, 2025

This Gamechanger Could Charge up Africa’s EV Ownership

September 25, 2025

Bank of Ghana Prices 1oz Gold Coin at GHS 47,960

September 25, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.