Telecom and Digital Finance Sectors Must Be Prioritized for Ghana’s Development – Industry Leaders Urge Parliament

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The Ghana Chamber of Telecommunications and the Electronic Money Issuers (EMIs) Chamber of Ghana have called on Parliament to prioritize the telecommunications and digital finance sectors in national policymaking to accelerate Ghana’s economic transformation.

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The two Chambers, in a statement congratulating Hon. Bandim Abed-Nego Azumah and Hon. Isaac Adongo, the newly appointed Chairpersons of the Information and Communications Committee and the Finance Committee of Parliament, emphasized the critical role of these committees in shaping policies that directly impact Ghana’s digital economy.

Telecom and Digital Finance: Key Drivers of Growth

The telecommunications and digital finance sectors are not just industries—they are the foundation of Ghana’s digital economy, providing connectivity, financial inclusion, and digital services to millions.

  • Telecommunications connects businesses, communities, and government services, enabling e-commerce, digital education, and remote work.
  • Digital Finance is revolutionizing transactions, expanding financial access, and fostering innovation in trade and entrepreneurship.

The Chambers stressed that for Ghana to fully realize its economic and digital potential, these sectors must receive strong legislative support, progressive policies, and investment-friendly regulations.

Urgent Call for Policy Action

The Ghana Chamber of Telecommunications and the EMIs Chamber of Ghana urged the two parliamentary committees to:

  • Ensure a policy environment that encourages investment and innovation in telecommunications and digital finance.
  • Support regulatory frameworks that promote financial inclusion, enhance digital security, and expand broadband access.
  • Work with industry stakeholders to eliminate barriers to infrastructure development and technological advancement.
  • Lead policy efforts to protect telecommunications infrastructure and ensure network resilience.
  • Champion policies that reduce the cost of doing business in these sectors, making digital services more accessible to all Ghanaians.

A Commitment to Collaboration

The Chambers reaffirmed their commitment to working closely with both committees to ensure that the right policies, regulations, and industry partnerships are in place to drive sustainable growth, job creation, and digital inclusion.

“We look forward to engaging with the leadership and members of both committees in the near future to explore strategic partnerships and actionable solutions that will position Ghana as a leader in telecommunications, digital payments, and technological innovation,” the statement concluded.

EMIs Chamber of Ghana Congratulates Dr. Johnson Asiamah on His Nomination as BoG Governor

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The EMIs Chamber of Ghana, the leading advocacy body for digital financial ecosystem, extends its warmest congratulations to Dr. Johnson Asiamah on his nomination as the next Governor of the Bank of Ghana. His extensive experience in monetary policy, financial stability, and economic research makes him well-positioned to steer Ghana’s financial sector towards greater innovation and inclusion.

As we look forward to Dr. Asiamah’s tenure, the Chamber remains committed to working closely with the Bank of Ghana to further strengthen Ghana’s digital financial ecosystem, ensuring continued innovation, consumer protection, and financial inclusion for all Ghanaians.

As captured in the release announcing his nomination, Dr. Asiamah’s nomination follows the acceptance of a formal request by the current Governor, Dr. Ernest Addison, to proceed on leave ahead of his retirement on March 31, 2025.

With over 23 years of experience at the Bank of Ghana, Dr. Asiamah brings a wealth of expertise in monetary policy, financial stability regulation, and economic research. He previously served as Second Deputy Governor of the Bank of Ghana from 2016 to 2017 and holds a PhD in Economics from the University of Southampton, UK.

We also take this opportunity to commend Dr. Ernest Addison, the outgoing Governor, for his invaluable contributions to the country’s digital financial ecosystem. Under his leadership, the Bank of Ghana championed progressive regulatory frameworks that have significantly advanced financial inclusion and the growth of electronic money institutions.

Congratulations once again to Dr. Johnson Asiamah, and best wishes to Dr. Ernest Addison on his next chapter.

Full release below: