Ghana sets policy initiatives for digital development
Three new policy initiatives were announced by the Ghanaian Ministry of finance to buttress financial inclusion and promote digital development in Ghana. The National Financial Inclusion and Development Strategy, in collaboration with the World Bank, is developed to promote financial inclusion from currently 58 percent to 85 percent by 2023, provide economic opportunities, and hence reduce poverty. The Digital Financial Services Policy, in partnership with the Consultative Group to Assist the Poor (CGAP), is designed to support a resilient, inclusive, and innovative digital ecosystem that contributes to social development, economic prosperity, and private sector progress. The Cash-Lite Roadmap, in collaboration with the Better Than Cash Alliance, is fashioned to pinpoint concrete steps to build an inclusive digital payments ecosystem. This includes better access to financial services, enabling regulation and oversight, and promoting consumer protection.