Mastercard recently opened its first office in Accra, Ghana, marking a significant step in the expansion of its operations in West Africa. This initiative aims to strengthen the country’s digital economy by offering innovative financial products and services tailored to the local market.
Mastercard’s physical presence in Ghana demonstrates its commitment to deepening relationships with local stakeholders and promoting inclusive growth in the region. By establishing itself in Accra, the company intends to accelerate the deployment of tailor-made solutions for Ghanaian stakeholders, thereby facilitating closer collaborations and having a positive impact on the country’s financial landscape.
Mark Elliott, President of Africa at Mastercard, said:
“The opening of our office in Ghana marks an important milestone in our commitment to strengthening our relationships in the region. Our growth strategy for West Africa is ambitious, and establishing a formal presence here allows us to better meet the specific needs of our customers. We look forward to leveraging our global expertise and innovative capabilities to introduce advanced payment technologies to this market. »
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Ghana, with a GDP per capita of USD 2,238 in 2023 and notable growth in sectors such as agriculture, mining and digital infrastructure, provides a favorable environment for Mastercard’s expansion. Folasade Femi-Lawal, Country Director and Area Head for West Africa at Mastercard, highlighted:
“Ghana presents a significant opportunity for Mastercard to expand its geographic presence in West Africa. We are committed to attracting and developing the best talent and fostering an ecosystem that contributes positively to the local economy and technological advancements. »
Beyond opening this office, Mastercard has established strategic partnerships with innovative players such as Kalabash, KaiOS, Boost and Smile ID, as well as financial institutions such as Access Bank and Fidelity Bank, to improve solutions cross-border payments. These collaborations have helped promote financial inclusion and digital transformation in Ghana, providing underserved communities with greater access to digital services and strengthening the country’s position as a technology innovation hub.
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