The establishment and inauguration of the Ghana Fintech and Payment Association (GFPA) for the country will go a long way in enhancing the digital financial ecosystem for the economic transformation of the country, Mr. Darryl Koku Mawutor Abraham, Director of Growth, Africa for Taptap Send remittance firm has observed.
He said as the umbrella and foremost entity for the promotion and advancement of financial technology and e-commerce, the Association has the onerous responsibility in lifting Ghana up to the highest state of the global digital economy.
Mr. Mawutor Abraham made the remarks at the inauguration of the Governing Council of the Ghana Fintech and Payment Association and the Finctech Awards Night held in Accra at the weekend to also celebrate and recognize outstanding contributions of individuals and organizations in the fintech and digital financial services space in the country in 2022.
Commending state authorities to introducing interoperability 13 years ag and which has made it possible for the citizens and institutions to digitally transfer monies, he was of the view that self-regulation of the fintech firms would be ideal to the future growth and expansion of the sector.
Mr. Martin Awagah, President of the Governing Council of GFPA and CEO of ACME, organizers of the event disclosed that the Association intents to be the leading Fintech community, trusted advisors and facilitators of collaborations for the growth of fintech in Ghana as well as advancing digital services industry, creating value for all players through digital innovation.
He congratulated members of the Governing Council and winners of the awards, emphasizing that ‘your achievements are a testament to the power of collaboration, creativity and determination in the face adversity.’
The Governor of the Bank of Ghana Dr. Ernest Addison, in an address read on his behalf by Mr. Kwame Oppong, of the Fintech and Innovation Office of the Bank, cautioned operators in the Fintech and digital financials services to be conscious of cyber security and guard against cyber fraud which has become a major setback in the industry.
In his remark, Dr. Ing. Ken Ashigbey, CEO, Ghana Telecommunications Chamber, said the combination of financial services with the state of the art technology impact positively on the nation’s economic development and urged the regulatory authorities to ensure a conducive environment to enable swift and efficient services by operators.
Members of the Governing Council inaugurated are Martin Kwame Awagah, President, Mazlor Nyanyo, King Carl Tornam Duho, Tenu Awoonor, Dr. Richard Nunekpeku, Samuel Amanor and John Apea as Vice Presidents.
Taptap Send was given a citation as the lead sponsor of the event. Other sponsors included the Ministry of Foreign Affairs, International Trade Centre, the Blue Penguin, Tarragon and Precept.
