The Bank of Ghana says the rapid growth of instant payment systems across Africa is expected to significantly improve liquidity movement and financial inclusion on the continent.
According to the central bank, real-time payment systems are transforming how businesses and consumers transact by reducing delays, improving access to funds and enhancing the efficiency of financial transactions.
Officials say the growing adoption of digital payment platforms is creating stronger financial connectivity across African markets and supporting economic growth.
The Bank of Ghana noted that the shift toward instant payments is also helping financial institutions improve cash flow management while giving businesses faster access to working capital.
The central bank further emphasised the importance of collaboration among regulators, banks and fintech companies to ensure seamless interoperability across borders.
Industry experts believe the rise in digital transactions could play a major role in supporting Africa’s broader push toward a more integrated financial ecosystem.
Ghana continues to position itself as one of the leading markets driving digital payment innovation in Africa through mobile money growth, fintech expansion and ongoing payment infrastructure upgrades.
Source: Citi Newsroom