The Ghana Fintech and Funds Affiliation hosted an eight (8) Member Delegation of Chief Executives from the Affiliation Professionnelle Des Establishments De Microfinance (APIMF) of Madagascar on a 6-day working go to to Ghana.
The Workforce was led by their Secrétaire-Général, Fanjaharivola Rakotomaharo, and the Head of the Ministry of Finance’s Middle for Monetary Inclusion, Nivoarizay Razafinorakoto, to understudy Ghana’s microfinance and monetary applied sciences (fintech) trade.
In response to the current State of Inclusive On the spot Fee in Africa Report put collectively by AfricaNenda and launched on the Cellular World Congress Africa 2022 in Kigali, Rwanda, Ghana has been acknowledged as the one nation in Africa to realize 100% entry to monetary inclusion on the continent.
Undoubtedly, it’s for this achievement and extra that the delegation noticed the necessity to understudy the Ghanaian fintech area. This ecosystem tour was a part of the Madagascar Monetary Inclusion Undertaking and the World Financial institution’s program for monetary inclusion in Madagascar to advertise the monetary inclusion of people, Micro, Small, and Medium-sized Enterprises (MSMEs) which was birthed in 2018.
Throughout their go to, the delegation toured some chosen Monetary Know-how firms(FinTechs) and Microfinance Establishments in addition to Regulatory Our bodies to get a greater understanding of how the nation has been in a position to obtain this globally acclaimed feat.
This go to to a big extent offered the delegation with first-hand sensible data by means of the understudy of Ghana’s digital monetary companies transformation and the processes the nation has adopted as a part of digitizing the microfinance trade. Thus, the tour seeks to allow them to grasp and apply best-use instances from the mature Ghanaian Digital Monetary programs that may be carried out in Madagascar in step with the Nationwide Monetary Inclusion Technique of Madagascar (NFIS) and SADC Monetary Inclusion Technique that led to 2020 and 2021 respectively.
Martin Kwame Awagah, President of the Ghana Fintech and Funds Affiliation and Workforce, led the delegation to fintechs and Microfinance Establishments that leveraged know-how to realize monetary inclusion for the Ghanaian populace by means of the supply of customer-centric services.
In response to Mr. Awagah, “it’s clear that a number of these successes chalked by Ghana have been vastly influenced by insurance policies such because the Ghana Money-lite Roadmap, Nationwide Monetary Inclusion and Improvement Technique (NFIDS), and Digital Monetary Companies (DFS) Coverage that was put in place by the Authorities, in addition to our globally touted financially secure financial system”.
Miss Fanjaharivola Rakotomaharo additionally recommended Ghanaian stakeholders saying, “Ghana has garnered sufficient experience by means of the use and exploitation of technological programs within the monetary area and I’m honored to guide the delegation to be taught extra from the businesses on their journeys up to now in attaining inclusivity in delivering monetary merchandise. Appreciation I have to say goes out to the Finance Ministry of Ghana, Financial institution of Ghana and different key stakeholders within the digital drive to go cashless.”
The Financial institution of Ghana, Ministry of Finance, Ghana Microfinance Establishments Community (GHAMFIN), Digital Credit score Administration Restricted, Pan-African Financial savings and Loans, Letshego Ghana, Sinapi Aba Financial savings and Loans, Logiciel Restricted, Fido, Advans Ghana Financial savings and Loans and the opposite very important establishments they visited, made in-depth sensible introductions of their entities to the delegation.
In the course of the delegation’s go to to one of many firms, Miss Rakotomaharo mentioned, “We additionally wish to use this chance to plead that you just lengthen the wanted assist and knowledge-sharing surroundings to Madagascar anytime we name on you to allow us to raised implement what we discovered on our journey right here.”
On the finish of the research tour, Miss Nivoarizay Razafinorakoto has this to say; we wish to say a giant thanks to the Workforce from the Ghana Fintech and Funds Affiliation, for organizing our change go to in Ghana. We learnt rather a lot from the experiences of Ghana by way of advancing monetary inclusion by means of digitalisation. We additionally respect the efforts of all establishments we visited for firsthand data and impression. We hope to leverage on what we have now witnessed and skilled whereas right here in Ghana to advance digital finance in Madagascar”.
In regards to the Ghana Fintech and Funds Affiliation
On the Ghana Fintech and Funds Affiliation, we’re delightedly dedicated because the to supporting the Monetary Applied sciences group by offering advocacy, public training, market intelligence, analysis, consulting companies and by working carefully with trade leaders resembling authorities, regulators and trade stakeholders, and companions in the direction of a vibrant and action-oriented digital monetary ecosystem.
To search out out extra in regards to the Affiliation, go to www.fintechgh.com