Mastercard invested in building a cashless Ghana

With aspirations of becoming an African economic powerhouse, Ghana is partnering with organisations such as Mastercard to smartly integrate technology into all aspects of the economy – building for the future, a cashless Ghana.

The Ghanaian Investment Summit will focus much attention on key areas including financial inclusion, meaningful innovation and the importance of sectors such as agriculture. On the agenda is specific focus on the need for partnerships, across the public and private sectors.

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If Ghana is to achieve its goal of becoming an economic force in Africa, the move beyond cash must remain high on its priority list – and more investment will be needed to ensure all citizens are able to access and use electronic payment solutions. Looking globally, close to 85 per cent of consumer payments are still made using cash – this is not only inefficient, but leads to the lack of transparency as well as an environment where criminal behaviour can thrive. In Ghana, the cost of cash is making tremendous impact on growth as the shadow economy is allowed to thrive.

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“We talk about the Internet of Things but this can’t exist without the Inclusion of Everyone, and so we need to connect people …read more

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Source:: MediaCraft

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