… Speaking at the Standard Chartered Digital Assets Summit, First Deputy Governor of the Bank of Ghana, Dr. Zakari Mumuni, said digital assets have evolved from a niche market into a significant component of the country’s financial ecosystem, with the potential to support capital f …
… Speaking at the Standard Chartered Digital Assets Summit, First Deputy Governor of the Bank of Ghana, Dr. Zakari Mumuni, said digital assets have evolved from a niche market into a significant component of the country’s financial ecosystem, with the potential to support capital f …
… The First Deputy Governor of the Bank of Ghana, Dr. Zakari Mumuni, disclosed this at the Standard Chartered Bank Powering Africa, Digital Assets Economy Programme in Accra. …
… Speaking at the Standard Chartered Digital Assets Summit in Accra, First Deputy Governor of the Bank, Dr. Zakari Mumuni, said digital assets have evolved from a niche market into a significant component of the country’s financial ecosystem, with the potential to support capital f …
… Speaking at the 64th ACI Financial Market Association (FMA) World Congress in Accra, First Deputy Governor Dr. Zakari Mumuni said the era of abundant and predictable global liquidity that supported emerging markets over the past decade has shifted materially, exposing countries w …
The First Deputy Governor of the Bank of Ghana, Dr. Zakari Mumuni, has noted that a flexible exchange rate regime is very important in helping absorb external shocks in the current global economic environment. …
… First Deputy Governor of the Bank of Ghana Dr. Zakari Mumuni, in his remarks, described the annual report as an important analytical tool for understanding inflation dynamics beyond headline numbers, particularly the interaction between domestic and external drivers of price deve …
… First Deputy Governor of the Bank of Ghana, Dr. Zakari Mumuni, says the country’s financial sector can no longer rely on informal arrangements as market transactions become more sophisticated and complex. …
… Speaking at the 3i Africa Summit 2026, First Deputy Governor Dr. Zakari Mumuni said inclusive instant payment systems should be treated as critical economic infrastructure rather than optional financial technology upgrades. …
Standard Chartered hosted its inaugural Digital Assets Summit in Accra, highlighting stablecoins and digital money as transformative for cross-border payments across Africa. The bank's Global Head of Digital Assets said the global stablecoin market, currently valued at roughly US$300 billion, could expand to about US$2 trillion by 2028, though regulatory frameworks and risk management systems will be needed to support sector development.
Standard Chartered hosted its inaugural Digital Assets Summit in Accra, highlighting stablecoins and digital money as transformative for cross-border payments across Africa. The bank's Global Head of Digital Assets said the global stablecoin market, currently valued at roughly US$300 billion, could expand to about US$2 trillion by 2028, though regulatory frameworks and risk management systems will be needed to support sector development.
Standard Chartered held its inaugural Digital Assets Summit in Accra, discussing the role of digital currencies, stablecoins, and digital money in reshaping Africa's payments ecosystems. The bank's research estimates the global stablecoin market could expand from roughly US$300 billion to about US$2 trillion by 2028, with significant deposit migration expected across emerging markets.
The Bank of Ghana says it will deepen engagement with fintech and digital asset operators to regulate the sector, emphasizing that regulation is about creating conditions for confident adoption rather than refusing innovation. The central bank has established a dedicated Virtual Assets Department and a Regulatory Sandbox to test and learn before finalizing long-term frameworks.
The Bank of Ghana's First Deputy Governor said tokenisation of real-world assets could deepen capital markets, improve financing efficiency and broaden access to investment opportunities, noting that more than three million Ghanaians participate in the digital asset ecosystem worth billions of dollars.
The Bank of Ghana's First Deputy Governor said strengthening economic resilience is becoming a central policy priority for emerging economies, as global liquidity becomes more volatile amid geopolitical tensions and rising inflation risks. He noted that while capital flows provide opportunities, they also carry significant risks in an era where the abundant global liquidity of the past decade has shifted.
The First Deputy Governor of the Bank of Ghana argues that a flexible exchange rate regime helps absorb external shocks by reducing transmission of foreign monetary conditions into domestic economies, and is essential as emerging markets face volatile capital flows and tightening global financial conditions.
Ghana's 2025 inflation was primarily driven by domestic price pressures, with locally produced items contributing 73.6 percent of total inflation compared with 26.4 percent from imported items, according to the Ghana Statistical Service's annual inflation report. Food was the single largest driver, accounting for 51.6 percent of total inflation.
The Bank of Ghana has warned that weak legal documentation and poor risk management practices could undermine confidence in Ghana's financial markets if urgent steps are not taken to strengthen market systems, according to First Deputy Governor Dr. Zakari Mumuni speaking at a BoG/Frontclear Market Training Workshop.
Bank of Ghana First Deputy Governor Dr. Zakari Mumuni called for collaboration among regulators, financial institutions, and fintech companies to develop inclusive instant payment systems across Africa. He warned that fragmented payment systems continue to limit economic integration despite progress in expanding financial access.
The Bank of Ghana is calling for stronger coordination among regulators, banks, fintech firms and payment system operators to accelerate interoperable instant payment systems across Africa. The central bank says fragmented payment infrastructure, high transaction costs and limited interoperability constrain the seamless movement of funds across platforms and borders.
The First Deputy Governor of the Bank of Ghana has called for urgent action to establish inclusive and interoperable instant payment systems across Africa, arguing they are critical economic infrastructure needed to address fragmented payment networks, high transaction costs, and weak interoperability that undermine the continent's digital economic development.
Ghana's central bank reported a GH¢15.6 billion loss in 2025, but this reflects the financial cost of macroeconomic stabilisation rather than economic failure, following severe strain in late 2022 when inflation surged to 54.1 percent and the cedi depreciated sharply. The country ended 2024 with a fiscal deviation of 3.1 percent of GDP and over GH¢36 billion in overspending, posing risks to recovery efforts.
The Bank of Ghana cautioned that despite recent macroeconomic stability gains, the fight against inflation is not yet won, with inflationary pressures remaining complex and capable of resurfacing. The central bank's First Deputy Governor stressed that deeper analysis of price drivers—including exchange rate movements, food price volatility, and global commodity shocks—is essential for sustaining progress and effective policy formulation.
The Bank of Ghana's Governor has praised fintech firms for driving digital financial transformation, citing the mobile money interoperability system—operational since 2018 and processing over GH¢4.54 trillion in transactions in 2025—as evidence of successful collaboration between innovators and regulators. The central bank has adopted an enabling rather than restrictive regulatory approach to support sector growth.
Ghana has commenced its Sixth Review with the IMF, with Finance Minister Dr. Cassiel Ato Forson describing the reform programme as transformative and successful following the country's 2022 economic crisis. The government has signalled the next phase will prioritise private sector growth to translate macroeconomic stability into investment, jobs, and opportunities for citizens.
The government has begun the sixth review of its programme with the IMF, with Finance Minister Dr. Cassiel Ato Forson characterising Ghana's reform efforts as a transformative success that has stabilised the economy and restored credibility since the 2022 economic crisis. The next phase will focus on unlocking private sector growth to translate macroeconomic stability into investment, jobs, and opportunities for citizens.