Tag: Fintech

Why Africans Don’t Trust Fintech’s and Mobile Money (Yet)

Posted on October 21, 2025October 21, 2025 by ethelcofie

Let’s start with a simple truth: access isn’t the same as trust.
We’ve spent over a decade celebrating Africa’s financial inclusion boom — the millions of new mobile wallets, the rise of fintech titans from Lagos to Nairobi, the mammoth stats that make development economists beam. Yet, I keep coming back to one uncomfortable question: do Africans trust the financial systems we’ve created for them?
Because if they don’t, then all we’ve built are digital doors — not open ones.

The New Bank Of Ghana Corporate Governance Rules Signals a Call to Maturity for Fintech’s by the Regulator(..Is this an Africa Trend ?)

Posted on June 29, 2025June 29, 2025 by ethelcofie

In June 2025, the Bank of Ghana released its Corporate Governance Guidelines for Payment Service Providers. At first glance, it might seem like just another compliance update—but read between the lines, and you’ll see something deeper.
This is a call to leadership.
These guidelines don’t merely set minimum standards. They signal the central bank’s expectation that Ghana’s digital finance sector is no longer in its experimental phase. It is systemically important. And with that importance comes accountability, transparency, and—most importantly—governance maturity.
Ghana is not alone. Across Africa, fintech is growing up—and regulators are making it clear: scale must now be matched with structure.

Bank of Ghana Governor Asiama’s Digital Finance Playbook: Quiet Revolution, Bold Stakes, and Ghana’s Fintech Future

Posted on June 25, 2025June 25, 2025 by ethelcofie

For all its clarity, the Governor’s strategy is still early-stage. Questions remain:
• Will the central bank invest directly in shared infrastructure, or depend on industry?
• Can digital identity initiatives integrate seamlessly with national ID systems?
• Will commercial banks respond with bold enough product pivots?
• Can government agencies align around identity and infrastructure without bureaucratic drag?

Is there a Case for Third Deputy Governor for Technology and Innovation at the Bank of Ghana ? and No i am not pitching myself for the job!

Posted on April 16, 2024January 9, 2025 by ethelcofie

Title: The Case for Third Deputy Governor for Technology and Innovation at the Bank of Ghana: Amending the Bank of

Are these Accelerator programs wasting African startups time?

Posted on February 27, 2024January 9, 2025 by ethelcofie

Are these Accelerator programs wasting African startups time?

This article was sparked by a thought-provoking LinkedIn post from Victor Asemota, where he delves into the phenomenon of African startups being caught in a seemingly endless loop of acceleration. It’s like watching a hamster on a wheel, except the hamster is a startup, and the wheel is the myriad of accelerator programs out there. Victor’s musings were in the context Visa acceleration program, where he noted that the startups involved were already so seasoned in the accelerator circuit that another round seemed more like a victory lap than a necessity

Pan-African Payments and Settlement System- The basics, what you need to know

Posted on October 4, 2021October 4, 2021 by ethelcofie

for AfCFTA to be effective, the cost of money transfers across the continent must be lowered. The African Union supported by the African Export Import Bank- AfriExim ,(Bank was established in Abuja, Nigeria in October, 1993 by African Governments, African private and institutional investors as well as non-African financial institutions and private investors for the purpose of financing, promoting and expanding intra-African and extra-African trade.) The bank has collaborated on the development of a Pan-African Payments and Settlement System -PAPSS a centralized payment system that will provide the infrastructure for intra Africa trade.