Finance Minister, Dr Mohammed Amin Adam, has disclosed that the government remains committed to creating an enabling environment for the growth of the financial sector.
He assured that there were efforts in place to foster a conducive environment for the financial sector to thrive.
He was speaking at the 3i Africa Summit in Accra on Monday, May 13, 2024.
He touted that the efforts deployed by the government had contributed to a swift economic rebound in the country.
“…The government of President Nana Addo Dankwa Akufo-Addo is unrelenting in creating an enabling macroeconomic environment that will provide the platform for the success of the financial services sector.”
“For this reason Ghana’s economic rebound has been quite swift with economic growth ending the year 2023 at 2.9% against a target of 1.5%.”
He further called for collective action and strategic partnerships to fully harness the potential of financial technology.
“Realising the full potential of fintech in effecting substantive change necessitate concerted efforts and strategic alliances among various stakeholders including governments, regulatory bodies, financial institutions, technology firms and civil society organisations.”
“We must also transcend national boundaries and forge strategic partnerships spanning sectors industries and jurisdictions to make meaningful progress,” he stated.
Fintech refers to the integration of advanced technology into the financial sector to enhance products and services.
It can use big data, artificial intelligence, and machine learning to evaluate investment possibilities, improve portfolios, and reduce risks.
By: Rainbowradioonline.com/Ghana
