First Deputy Governor of the Bank of Ghana, Dr Maxwell Opoku-Afari, has said that over the years, the Bank of Ghana has consistently held the view that a robust and dynamic mobile money industry was to be anchored on the safety and resilient base of the Ghanaian banking sector.
The wisdom in this approach, he said, is now evident not only by the state of the mobile money industry today, but in the pivot that some markets are still grappling to make.
He stated that the advent of financial technology has been one of the most transformative developments which has fundamentally redefined the way we transact, interact, and access financial services.
In Ghana, he said, the phenomenon of physical cash transactions and long queues at the bank has now been replaced by efficient, safe and convenient mobile money services.