Bank of Ghana Governor Dr. Johnson Asiama has announced that plans are underway to harness technology to simplify access to capital for small businesses and ordinary individuals via their mobile devices. Delivering remarks at the Ghana-UK Investment Summit 2026 held in London, Dr. Asiama said the central bank is developing digital tools designed to open financing opportunities and foster a stronger entrepreneurial culture nationwide.
He outlined an ambitious blueprint in which even the smallest businesses would be empowered to attract funding through digital platforms, reducing their dependence on conventional banking and lending institutions. In his words, the goal is to reach a point where a street food trader requiring as little as GH¢20,000 can simply use a smartphone to source that funding a prospect he said the Bank of Ghana is actively building toward on the technology front.
Dr. Asiama stressed that widening the channels through which businesses can obtain financing is central to Ghana’s broader economic development ambitions, with particular emphasis on small and medium-sized enterprises (SMEs) a segment he noted plays an outsized role in driving job creation and national output. He further observed that the rapid evolution of financial technology is generating fresh pathways for enterprises to engage investors and unlock funding more seamlessly than ever before, and that digital financial tools hold the potential to resolve deep-rooted financing shortfalls that have long stifled the expansion of smaller businesses.
The Governor’s statements come at a time when the conversation around fintech’s role in advancing financial inclusion and extending capital access to underserved entrepreneurs is intensifying across the continent. Should the proposed mobile fundraising framework take shape, it could unlock transformative possibilities for entrepreneurs throughout Ghana enabling them to raise funds, scale their ventures, and play a more substantial role in driving economic progress.
The Ghana-UK Investment Summit brought together a diverse gathering of government officials, investors, financial industry leaders, and corporate executives, all convened to explore ways of strengthening commerce, investment flows, and economic partnerships between Ghana and the United Kingdom.
