The New Patriotic Party (NPP) flagbearer, Dr. Mahamudu Bawumia, has pledged to create a Fintech Fund with a $100 million seed capital should he be elected president in the December polls.
Dr. Bawumia clarified during the NPP manifesto launch that the project will draw in more money from the private sector to help Ghanaian startups that are creating payment and financial services solutions.
He promised to work with the Bank of Ghana to further increase the Regulatory Sandbox's size and allow additional FinTechs from the region and Ghana.
He claims that by doing this, Ghana will be positioned as a pioneer in the field of financial and payment interoperability inside a multi-jurisdictional sandbox.
"Create a Fintech Fund with a seed capital of US$100 million to draw in additional funding from the private sector to assist Ghanaian startups creating financial services and payment solutions, with a particular emphasis on regionally-focused, exportable solutions."
"Collaborate with the Bank of Ghana to greatly enlarge our Regulatory Sandbox to accept additional Fintechs from Ghana and the surrounding regions." By doing this, Ghana will be positioned as a multi-jurisdictional, multi-regulation sandbox for payments and financial interoperability.
Furthermore, he guaranteed that tech start-ups in Ghana will gain from a Matchmaking Program that links them with established and sizable tech companies for government tech initiatives.
"Collaborate with the Bank of Ghana to greatly enlarge our Regulatory Sandbox to accept additional Fintechs from Ghana and the surrounding regions." By doing this, Ghana will be positioned as a multi-jurisdictional, multi-regulation sandbox for payments and financial interoperability.
Furthermore, he guaranteed that tech start-ups in Ghana will gain from a Matchmaking Program that links them with established and sizable tech companies for government tech initiatives.
Under a matchmaking program, "provide live lab" chances to tech start-ups in Ghana by intentionally linking them with established/large tech businesses working on government tech initiatives. This would enable the start-ups to test their ideas in real-world settings and shorten the time it takes for their product development cycle.
"Remain at the forefront of the African Union's policy campaign to achieve cross-border mobile money interoperability, which will greatly improve the continent's ability to buy and sell goods and services." This would provide young entrepreneurs and Ghanaian businesses direct access to a 1.4 billion-person market.
"Remain at the forefront of the African Union's policy campaign to achieve cross-border mobile money interoperability, which will greatly improve the continent's ability to buy and sell goods and services." This would provide young entrepreneurs and Ghanaian businesses direct access to a 1.4 billion-person market.
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