{"id":69134,"date":"2024-03-21T17:47:19","date_gmt":"2024-03-21T17:47:19","guid":{"rendered":"https:\/\/www.africa-press.net\/ghana\/?p=69134"},"modified":"2024-03-21T17:19:30","modified_gmt":"2024-03-21T17:19:30","slug":"ndc-to-establish-50m-fintech-support-fund-mahama","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/ghana\/all-news\/ndc-to-establish-50m-fintech-support-fund-mahama","title":{"rendered":"NDC to establish $50m fintech support fund \u2013 Mahama"},"content":{"rendered":"

Africa-Press – Ghana. <\/strong><\/span>Flagbearer of the opposition National Democratic Congress (NDC), John Dramani Mahama, has disclosed that the next NDC government will set up a US$50 million financial technology (fintech) transformative fund to support innovative start-ups in Ghana\u2019s fintech sector.<\/b><\/p>\n

The former president voiced confidence in the fintech sector\u2019s ability to create economic growth and financial inclusion in Ghana, promising to invest extensively in the industry if he is elected in the December 7 elections.<\/p>\n

\u201cWe did it for the pharmaceutical industry. We gave them US$10 million to scale up and put up new production lines, and that enabled them to start exporting their drugs to our neighbouring countries for the first time.<\/p>\n

\u201cSo, when I say we will do it for the fintech industry, I mean it,\u201d the former president said during a roundtable discussion with leaders in the country\u2019s fintech ecosystem in Accra.<\/p>\n

\u201cThe next NDC government will promote and nurture innovation hubs through public and private partnerships to harness technology to address Ghana\u2019s development challenges and working with partners, we shall establish a US$50 million fintech transformative growth fund to address the teething financial needs of Ghanaian-owned fintech,\u201d the former president stated.<\/p>\n

According to Mahama, fintech innovators will be mentored to be technology entrepreneurs, allowing them to develop businesses based on their discoveries, attract investments, and generate jobs.<\/p>\n

John Mahama further added that a \u201cseparate body\u201d would be formed to oversee the money, assuring respect to criteria of transparency, justice, and equitable chances based on merit.<\/p>\n

Mahama also promised that the future NDC administration would speed up efforts to close the country\u2019s alarming gender gap in financial inclusion.<\/p>\n

He expressed concerns about the ongoing growth of the gender gap, despite progress in increasing financial inclusion.<\/p>\n

\u201cThis trend is unacceptable and needs urgent attention if we are to put Ghana on the path of sustained and inclusive development considering that women form almost 51 percent of the population and own about 44 percent of micro and small and medium enterprises in Ghana,\u201d he said.<\/p>\n

The NDC 2024 presidential candidate made the assurances while interacting with the Ghana Fintech and Payment Association.<\/p>\n

Martin Kwame Awagah, President of the Association, said the sector presents a great chance for the government to move beyond traditional banking infrastructure and deliver accessible financial services to all citizens.<\/p>\n

He, therefore, lauded the former president\u2019s commitment to helping the fintech industry, stating that it bodes well for the country\u2019s future innovation and economic growth.<\/p>\n

For More News And Analysis About Ghana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Ghana. Flagbearer of the opposition National Democratic Congress (NDC), John Dramani Mahama, has disclosed that the next NDC government will set up a US$50 million financial technology (fintech) transformative fund to support innovative start-ups in Ghana\u2019s fintech sector. The former president voiced confidence in the fintech sector\u2019s ability to create economic growth and […]<\/p>\n","protected":false},"author":84,"featured_media":69133,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[5092,5096,429],"class_list":["post-69134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-ghana","tag-ghana"],"yoast_head":"\nNDC to establish $50m fintech support fund \u2013 Mahama - Ghana<\/title>\n<meta name=\"description\" content=\"Flagbearer of the opposition National Democratic Congress (NDC), John Dramani Mahama, has disclosed that the next NDC ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ndc-to-establish-50m-fintech-support-fund-mahama\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NDC to establish $50m fintech support fund \u2013 Mahama\" \/>\n<meta property=\"og:description\" content=\"Flagbearer of the opposition National Democratic Congress (NDC), John Dramani Mahama, has disclosed that the next NDC ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/ghana\/all-news\/ndc-to-establish-50m-fintech-support-fund-mahama\" \/>\n<meta property=\"og:site_name\" content=\"Ghana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-21T17:47:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/03\/sm_1711028918.950222.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ndc-to-establish-50m-fintech-support-fund-mahama#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ndc-to-establish-50m-fintech-support-fund-mahama\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NDC to establish $50m fintech support fund \u2013 Mahama\",\"datePublished\":\"2024-03-21T17:47:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ndc-to-establish-50m-fintech-support-fund-mahama\"},\"wordCount\":429,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ndc-to-establish-50m-fintech-support-fund-mahama#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/ghana\/sites\/18\/2024\/03\/sm_1711028918.950222.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Ghana\",\"ghana\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/ghana\/all-news\/ndc-to-establish-50m-fintech-support-fund-mahama#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ndc-to-establish-50m-fintech-support-fund-mahama\",\"url\":\"https:\/\/www.africa-press.net\/ghana\/all-news\/ndc-to-establish-50m-fintech-support-fund-mahama\",\"name\":\"NDC to establish $50m fintech support fund \u2013 Mahama - 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