Stakeholders in the digital financial eco-system are expecting the Finance Minister, Dr. Cassiel Atto Forson to outline strategies to improve already existing regulatory work by the Bank of Ghana to safeguard digital transactions.
They believe this will serve as an assurance to investment protection and attract more investors into the industry.
Speaking to Joy Business on expectations of the 2025 Budget and Economic Policy of government, Director of Strategy and Chief of Staff at Yellow Card, Gillian Darko said this will demonstrate government’s intention to improve operations of the sector.
The Finance Minister is expected to present the 2025 Budget and Economic Policy of the new government to parliament this week after the cabinet approved most of the proposals by the minister and key stakeholders in the economy.
This will be the first budget for the government since assuming office on January 7th this year following the re-election of President John Dramani Mahama for another four-year term.
Gillian Darko has applauded the government for their proposals in the digital economy space and the promise to empower more citizens with digital tools.
Although the Bank of Ghana has issued some guidelines on the use of digital coin and other online transactions, many believes there is more work to be done to position the country as a safe haven for investments in digital financial space.
“You recall the Bank of Ghana has issued a draft guideline on digital transactions which is a good framework to mitigate the risk associated with digital assets transactions. So again if we continue what the Bank of Ghana has done and incorporate these regulatory measures into the 2025 Budget, then we’re demonstrating the new government’s intent to foster a secure environment for digital financial transaction and activities”, she said.
“These are just few initiatives I will like to hear in the budget and how it will be communicated across” she noted.
She believes that the country need more strategies to improve upon the framework that has already been established by the Bank of Ghana.
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