Mastercard has reaffirmed its commitment to driving foreign direct investment (FDI), job creation and digital innovation in Ghana, following high-level discussions with the Ghana Investment Promotion Centre (GIPC).
The engagement took place during a meeting between the Chief Executive Officer of GIPC, Mr. Yofi Grant Madjie, and a Mastercard delegation led by Madam Folasade Femi-Lawal, Country Manager for West Africa, aimed at deepening collaboration between the global payments firm and Ghana’s investment promotion authority.
Discussions focused on Mastercard’s expanding footprint in Ghana since the opening of its West Africa office in Accra in January 2025, as well as the company’s ongoing initiatives to strengthen Ghana’s digital economy and position the country as a competitive investment destination.
Mr. Madjie commended Mastercard for what he described as its rapid progress and growing influence within Ghana’s fintech and digital payments ecosystem, noting the company’s role in advancing cross-border payment solutions and innovation-led growth.
He reaffirmed GIPC’s commitment to supporting world-class investors whose activities align with Ghana’s long-term development and investment objectives.
Madam Femi-Lawal highlighted Mastercard’s strategic focus on expanding digital payment infrastructure, supporting small and medium-sized enterprises (SMEs), and enabling innovation through partnerships with local fintechs and financial institutions.
She expressed confidence that these initiatives would contribute to increased FDI inflows, employment creation, and broader economic inclusion.
She further noted that Mastercard’s investment strategy in Ghana aligns with its wider African agenda of enabling 30 million young people to access dignified and fulfilling work by 2030, with particular emphasis on young women, refugees, displaced persons, and persons with disabilities.
Since 2017, the company has supported over 20.1 million young people into work, with 67 per cent of its partners being African-led.
Mastercard’s presence in Ghana has been bolstered through strategic collaborations with fintechs such as Kalabash, KaiOS, Boost and Smile ID, alongside partnerships with financial institutions including Access Bank and Fidelity Bank, aimed at enhancing cross-border payment systems and financial inclusion.
The company has also strengthened the innovation ecosystem through platforms such as the Mastercard Fintech Forumand the Fraud and Cyber Resilience Forum, which promote knowledge-sharing, regulatory dialogue, and sector-wide best practices.
Both parties expressed optimism that sustained collaboration between Mastercard and GIPC will accelerate investment-led innovation, reinforce Ghana’s digital competitiveness, and further entrench the country’s status as a leading hub for technology-driven investment in Africa.
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