Ghanaian President John Dramani Mahama has endorsed Solana, a high-speed blockchain, as a key enabler of fintech growth and cryptocurrency adoption across Africa.
Speaking at the African Prosperity Dialogues Summit in Accra, President Mahama emphasized how blockchain technology—particularly Solana’s high-speed and low-cost transaction capabilities—could reshape financial services on the continent.
What he said
“Financial inclusion isn’t just a need for Ghana—it’s essential for all of Africa. With its low transaction costs, Solana could be the key to driving fintech growth and enabling cryptocurrency payments & investments across the continent“, he wrote on his X account.
Why it matters
- Mahama’s support signals growing political interest in blockchain as a tool for economic transformation.
- Solana’s fast, low-cost transactions make it an attractive option for digital payments in emerging markets.
- Ghana’s central bank is working on regulations for crypto while also developing its own digital currency, the eCedi.
What’s next
- Ghana’s crypto regulations, currently in draft form, will determine how platforms like Solana operate in the country.
- The Bank of Ghana continues to warn about crypto volatility, urging careful investment.
- Whether Mahama’s endorsement leads to policy changes or adoption efforts remains to be seen.