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Home»Business»Mahama backs local tech talent with $50m FinTech fund
Business

Mahama backs local tech talent with $50m FinTech fund

SAMUELBy SAMUELOctober 1, 20252 Mins Read
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President John Dramani Mahama has set his sights on positioning Ghana as a hub for homegrown digital innovation, declaring, “We want Ghanaian innovators to develop solutions for Ghanaian challenges and also expand them across Africa.”

He made the statement while announcing the establishment of a $50 million FinTech Growth Fund at the launch of the 2025 National Cyber Security Awareness Month in Accra on Wednesday, October 1.

The fund is part of the government’s Reset Ghana agenda and is aimed at supporting local start-ups to build financial technology solutions for domestic and continental use.

Mahama explained that the initiative would strengthen Ghana’s digital economy while empowering young entrepreneurs to compete across Africa.

Amid this push for innovation, the President inaugurated the Joint Cyber Security Committee to coordinate efforts in defending Ghana’s cyberspace, warning that romance scammers and cybercriminals would face prosecution through international cooperation.

“Anybody involved in romance scams, whether you are a foreigner or a Ghanaian citizen, we will hand you over to be tried and punished accordingly,” he cautioned.

He also highlighted rising cyber threats targeting the financial sector and outlined ongoing programmes, including the One Million Coders initiative and the Digital Jobs Initiative, to build skills and create opportunities.

Mahama stressed that Ghana’s digital transformation depends on shared responsibility, secure systems, and transparent governance.

Source: Lovinghananews.com

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