Ghana Sees Solana as Key to Africa’s Fintech Growth
Date: 2025-03-18 Author: Oliver Abernathy Categories: IN WORLD
At the Africa Fintech Summit in Accra, Ghanaian President John Dramani Mahama said that Solana is becoming a central element of the continent’s digital transformation. The platform has processed over 408 billion transactions worth nearly $1 trillion, making it a leader in decentralized finance (DeFi).
The President noted that the network’s main advantages are its high transaction processing speed and low fees, making it an ideal tool for expanding financial inclusion. He stressed that over 60% of Africa’s population still does not have access to banking services, and Solana can play a key role in removing this barrier by promoting payment services and investment activity.
“Financial inclusion is not only necessary for our country, but for the entire continent. Solana opens up opportunities for millions of people by providing them with access to modern financial instruments,” Mahama wrote on the X social network.
The politician also expressed confidence that decentralized finance will be able to complement traditional banking services, providing Africans with more flexible and accessible solutions. At the same time, the Ghanaian government plans to carefully regulate the digital asset market, given its volatility. He also noted the environmental friendliness of the Solana blockchain, which significantly surpasses Bitcoin in energy efficiency.
Earlier, Vice President Mahamudu Bawumia said that the Ghanaian authorities intend to actively implement blockchain in government agencies. According to him, digitalization will help fight corruption and increase the transparency of the government, which will be an important step towards the country's economic development.
