Matilda Asante-Asiedu: Global Fintech market to hit $400bn by 2028

Second Deputy Governor of the Bank of Ghana (BoG), Mrs. Matilda Asante-Asiedu, has highlighted the rapid expansion of Ghana’s fintech sector, describing it as a key driver of financial inclusion and digital transformation.

She cited projections indicating that the global fintech market will reach $400 billion by 2028.

Speaking at the MoMo Fintech Stakeholder Forum on Wednesday, October 15, Asante-Asiedu noted that innovations in mobile money and digital lending continue to reshape how Ghanaians transact and access financial services.

The global Fintech market is projected to reach $400 billion by 2028. With digital lending alone surpassing $1.3 trillion,” she said.

She emphasised that the fintech revolution is not only transforming economies but also changing financial culture.

This transformation is not just numerical but also cultural,” she stated, calling for continued collaboration among regulators, innovators, and service providers to sustain the sector’s growth.

Asante-Asiedu highlighted the transformative role of financial technology in reshaping both local and global economies.

Matilda Asante-Asiedu said mobile money transactions in Ghana continue to record strong growth, reflecting the country’s rapid shift toward a digital financial ecosystem.

In Ghana, Mobile Money transaction continues to grow,” she added.

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