Ghana : DACF and Singapore’s EFGH Join Forces to Build Africa’s First “Finternet”
Ghana’s District Assemblies Common Fund (DACF) and Singapore-based Embed Financial Group Holdings (EFGH) have announced a joint venture to develop Africa’s first “Finternet”, a digital financial network connecting governments, businesses, and citizens through a transparent and sovereign platform.
DACF Administrator Harry Yamson said the partnership will “enhance Ghana’s capacity to mobilize funds and expand financial inclusion,” while EFGH Executive Chairman Dennis Ng called it “a defining moment for Ghana and Singapore” that promotes “shared prosperity.”
The initiative includes digital transaction infrastructure, green data centers, micro-insurance services, and financial education programs, aligning with Ghana’s decentralization strategy and drawing on Singapore’s expertise in digital finance and governance.
