Ghana has taken a major step toward advancing its technology landscape with the launch of its first Artificial Intelligence (AI) and Payments Accelerator program, a groundbreaking initiative spearheaded by eTranzact Ghana and Npontu Technologies.

 The programme, designed to empower startups, will provide funding, mentorship, and cutting-edge tools to drive innovation in payment solutions.

It comes at a pivotal moment when Ghana’s fintech industry is rapidly expanding, with increasing demand for solutions that enhance financial inclusion and streamline payment systems.

 Speaking at the launch, Dr. Stephane Nwolley, CEO of Npontu Technologies, emphasized Africa’s vital role in the global AI landscape. “We are poised to ensure the right inclusion and raise the African voice in the AI conversation,” he said.

Highlighting the broader vision, he added, “Our focus is not just on solutions but on building the workforce for the 5th Industrial Revolution.”

 Dr. John Obeng Apea, CEO of eTranzact Ghana, echoed this sentiment, stressing the importance of leadership in technological revolutions. “Africa missed the first, second, and third Industrial Revolutions.

This initiative ensures we don’t just catch up but lead the upcoming revolutions,” he remarked.

With applications opening in early 2025, the Accelerator is expected to solidify Ghana’s position as a hub for technological innovation, offering startups access to global markets through partnerships with entities like the Commonwealth Enterprise and Investment Council (CWEIC).

Experts like Mr. Martin Awagah, President of the Ghana Fintech and Payments Association, believe the initiative is crucial.

“This Accelerator comes at a time when AI is reshaping the financial sector. Startups have the chance to create real-time solutions that benefit businesses and individuals alike,” he remarked.

Mr. Benjamin Gomado–Cobblah, Country Director of the Commonwealth Enterprise and Investment Council added: “We see great potential between these two giants in the Tech space. AI will have consequences in areas beyond the economy, including national security, politics, and culture.

We look forward to working with eTranzact and Npontu Technologies across the 56 member countries of the Commonwealth”.