• About
  • Advertise
  • Privacy Policy
  • Contact
Friday, February 3, 2023
  • Login
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2DNew
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships
No Result
View All Result
The Vaultz News
No Result
View All Result

‘Taptap Send’ Director Calls on Ghana to Leverage FinTech for Long-term Economic Growth

January 20, 2023
Stephen M.CbyStephen M.C
in Vaultz Business
0
‘Taptap Send’ Director Calls on Ghana to Leverage FinTech for Long-term Economic Growth

Mr Darryl Abraham Mawutor, the Growth Director in charge of Africa at ‘Taptap Send’, a remittance company, has urged Ghana to adopt measures to tap into the potential of the financial technology (FinTech) sector for sustainable economic development.

According to the director in charge of Africa, if the country takes advantage of the FinTech market, the sector could drive foreign capital into the country to support economic recovery and transformation, making it resilient for long-term inclusive development.

Mr Mawutor explained that the FinTech industry has the potential to bring in about $10 billion by 2025 and serve as a major catalyst for economic recovery and long-term national development for the country. He thus called on the government to create an enabling environment to make the FinTech sector thrive in Ghana.

RelatedPosts

McDan Group CEO Blames Slow Economic Development on Lack of Indigenous Businesses in Key Sectors

Gold For Cash, Not Gold For Oil – Mr. Mercer

UMB Partners With SIC Life Limited To Launch UMB Educational, Funeral Plan

“FinTech has helped Ghana a lot and has the potential to help us get out of the immediate economic situation we find ourselves in as a country and build a long-term, sustainable economy that we want for our children and the generation to come.

“There’s a limit to commodities like Gold, Diamond, Manganese, and Gold, which we’ve relied on for a long time, but new ideas and products and services in the FinTech space are limitless. So, let’s capitalize on such opportunities. Let’s embrace change to help us move the country forward by moving more capital and foreign exchange into the country. Embrace change so, we can change the country from an import-driven economy to an export-driven economy.”

Mr Darryl Abraham Mawutor

‘Taptap Send’ Helping Move Capital to Ghana

Mr. Mawutor averred that their FinTech-oriented company is helping move capital into Ghana through remittances, which could grow to about $5bn this year. He, moreover, called on the Government and regulatory authorities to drive diaspora investment into FinTech. “Everybody must embrace change and support the FinTech sector to increase diaspora contribution to capital investment through remittances to help move Ghana and Africa from where it is now to the place, we’ll want it to be”.

Mr. Mawutor noted that Tatptap Send is supporting the training of young people across the country through programs such as the Child-in-tech conference to create access and pump in capital into Ghana.

Mr. Darryl Mawutor Abraham made this known at the TEDx Accra conference, organized to empower Ghanaians as agents of change.

Mr. Terry Kojo Oppong, the Organizer for TEDx Accra, noted that the conference is to empower the youth to champion Ghana and Africa’s development, building on an earlier conference, which was used as a force to unite for change. “Each one of us is an agent of change, and we’re here together to galvanize, build networks, and champion ideas because everything starts as an idea and developed into products and services to solve societal problems.”

Miss Akosua Oppong-Mensah, a FinTech consultant, on her part, noted that there is a need for the government to create policies that would allow start-ups to grow and work collaboratively with financial and educational institutions

“FinTech plays a critical role in today’s economic development and creating generational wealth. We must, therefore, capitalize on the opportunities to create generational wealth and move from hand-to-mouth to a stable and sustainable economy.”

Miss Abena Nyamesem, the Head of Sustainability and Partnerships at the Ghana Investment Fund for Electronic Communications (GIFEC), also underscored the relevance of FinTech in economic development. She noted that GIFEC has been supporting individuals and communities with digital skills to ensure that artisans, market women, and the youth, are all not left behind in the digital transformation agenda.

The Head of Sustainability and Partnerships at GIFEC indicated that GIFEC has also helped small and Medium-sized Enterprises (SMEs) in rural Ghana by promoting FinTech and helping telecommunication companies to extend their services in those areas to engender economic transformation.

Ms. Nyamesem, however, called on stakeholders to support the government, noting that “The Government cannot do it alone; we need added support from individuals and the corporate world to make these skills more practical and expand the talent of our school children in FinTech.”

READ ALSO: Debt Exchange Program: Now Is the Best Time to Invest in the Ghana Stock Exchange- Prof Kwasi Peprah

Tags: africaEconomic GrowthFintechgoldTaptap Send

Related Posts

McDan Group CEO Blames Slow Economic Development on Lack of Indigenous Businesses in Key Sectors
Vaultz Business

McDan Group CEO Blames Slow Economic Development on Lack of Indigenous Businesses in Key Sectors

February 3, 2023
Gold For Cash, Not Gold For Oil – Mr. Mercer Charges
Vaultz Business

Gold For Cash, Not Gold For Oil – Mr. Mercer

February 2, 2023
UMB Partners With SIC Life Limited To Launch UMB Educational, Funeral Plan
Vaultz Business

UMB Partners With SIC Life Limited To Launch UMB Educational, Funeral Plan

February 2, 2023
eTranzact Acknowledged As The Pacesetter Of ‘Leading Fintech Solution Provider’
Vaultz Business

eTranzact Acknowledged As The Pacesetter Of ‘Leading Fintech Solution Provider’

February 2, 2023
You Don’t Want to Contribute to Ghana’s Growth- Finance Minister Fires State Entities
Vaultz Business

SIGA Projects 25% Contribution to GDP by SOEs in 2023

February 3, 2023
Africa Peer Review Mechanism to Host Editors’ Forum Today on Ghana’s Corporate Governance on AfCFTA Implementation
Vaultz Business

Africa Peer Review Mechanism to Host Editors’ Forum Today on Ghana’s Corporate Governance on AfCFTA Implementation

February 1, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Previous Post

G20 Creditors Set To Deliberate On Ghana’s Debt Relief – Paris Club

Next Post

Adam Bonaa Advises Gov’t to Take Steps In Addressing Concerns Of The Small Scale Miners Association

Sign up for The Vaultz analytic wire

Get weekly news analysis from top editors at The Vaultz and stay informed on trending economic and business issues from across the globe.
McDan Group CEO Blames Slow Economic Development on Lack of Indigenous Businesses in Key Sectors
Vaultz Business

McDan Group CEO Blames Slow Economic Development on Lack of Indigenous Businesses in Key Sectors

by Stephen M.CFebruary 3, 2023
NPP flagbearership: Alan Kyerematen Visits Otumfuo Osei Tutu At The Manhyia Palace
General News

Vote For A Candidate Ghanaians Will Prefer – Alan Kyerematen To Delegates

by Samuel Yeboah OtibuFebruary 3, 2023
AfDB, Government of Canada Announces New Special Fund Facility To Cushion SMEs in Agriculture
Agribusiness

AfDB, Government of Canada Announces New Special Fund Facility To Cushion SMEs in Agriculture

by Gifty BansahFebruary 3, 2023
Gold for Oil Policy Cannot Cause Reduction In Prices Of Fuel  – Steve Manteaw
General News

Gold for Oil Policy Cannot Cause Reduction In Prices Of Fuel – Steve Manteaw

by Emmanuel SarpongFebruary 3, 2023
Pope Heads To South Sudan For Final Leg Of African Pilgrimage
Africa

Pope Heads To South Sudan For Final Leg Of African Pilgrimage

by Comfort AmpomaaFebruary 3, 2023
That is not part of what free Senior High School should be about- Deputy Education Minister to CHASS
General News

I Disagree To Calls Suggesting CSSPS Should Be Scrapped- PNC Youth Organizer

by Angeller AshongFebruary 3, 2023
McDan Group CEO Blames Slow Economic Development on Lack of Indigenous Businesses in Key Sectors
NPP flagbearership: Alan Kyerematen Visits Otumfuo Osei Tutu At The Manhyia Palace
AfDB, Government of Canada Announces New Special Fund Facility To Cushion SMEs in Agriculture
Gold for Oil Policy Cannot Cause Reduction In Prices Of Fuel  – Steve Manteaw
Pope Heads To South Sudan For Final Leg Of African Pilgrimage
That is not part of what free Senior High School should be about- Deputy Education Minister to CHASS
Snow
FIND OUT MORE

The Vaultz News

Copyright © 2021 The Vaultz News. All rights reserved.

Navigate Site

  • About
  • Advertise
  • Privacy Policy
  • Contact

Follow Us

No Result
View All Result
  • Top Stories
  • News
    • General News
    • Education
    • Health
    • Opinions
  • Economics
    • Economy
    • Finance
      • Banking
      • Insurance
      • Pension
    • Securities/Markets
  • Business
    • Agribusiness
    • Vaultz Business
    • Extractives/Energy
    • Real Estate
  • World
    • Africa
    • America
    • Europe
    • UK
    • USA
    • Asia
    • Around the Globe
  • Innovation
    • Technology
    • Wheels
  • Entertainment
  • 20MOBPL2D
  • Jobs & Scholarships
    • Job Vacancies
    • Scholarships

Copyright © 2021 The Vaultz News. All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In