Mastercard Expands West African Footprint With New Ghana Office
Mastercard has announced the opening of its first office in Accra, Ghana, marking a significant expansion of its operations in West Africa.
This strategic move underscores the company’s commitment to supporting the country’s burgeoning digital economy by providing innovative financial products and services tailored to the Ghanaian market.
By establishing a physical presence in Ghana, Mastercard aims to deepen relationships with key stakeholders, accelerate the development and delivery of tailored solutions, and drive inclusive growth across the region.
“Opening our office in Ghana marks an important milestone in our commitment to deepening relationships across the region. Our growth strategy for West Africa is ambitious, and establishing a formal presence here allows us to better serve the specific needs of our customers. We are eager to leverage our global expertise and innovative capabilities to introduce advanced payment technologies in this market. As we look to the future, I would like to express my sincere gratitude to our extensive network of partners in the public and private sector, who are helping us build a better, more connected digital world. We remain unwavering in our commitment to shaping the future of payments and financial services in this dynamic market,” said Mark Elliott, Division President for Africa at Mastercard.
With Ghana experiencing robust economic growth, particularly in sectors like agriculture, mining, and digital infrastructure, the country presents a significant opportunity for Mastercard to expand its reach and impact.
“Ghana presents a tremendous opportunity for Mastercard to enhance its geographical presence in West Africa. We are committed to attracting and nurturing top talent and fostering an ecosystem that aims to contribute positively to the local economy and technological advancement. We are proud of the positive impact that Mastercard has made on Ghana’s financial services ecosystem through collaborative partnerships between our team and extensive network of partners. We will continue to work closely with our partners and innovative new players in the fintech space and beyond as we contribute to a connected and inclusive digital future for all,” said Folasade Femi-Lawal, Country Manager and Area Business Head, West Africa, Mastercard.
Mastercard’s commitment to Ghana extends beyond the opening of its new office. The company has been instrumental in driving financial inclusion and digital transformation through strategic partnerships with innovative players like Kalabash, KaiOS, Boost, Smile ID, and financial institutions such as Access Bank and Fidelity Bank. These collaborations have empowered local fintechs, enhanced access to digital services for underserved communities, and strengthened Ghana’s position as a hub for technological innovation.
Initiatives like the Mastercard Fintech Forum and Fraud and Cyber Resilience Forum have further strengthened the ecosystem by fostering dialogue, sharing best practices, and addressing key challenges within the financial sector. The new office in Accra represents a significant step in Mastercard’s ongoing commitment to West Africa, expanding its footprint across the continent with existing offices in Cairo, Casablanca, Johannesburg, Lagos, Nairobi, Mauritius, and now, Ghana.
This strategic expansion reinforces Mastercard’s dedication to driving a sustainable digital economy that creates lasting benefits across Africa.
Source: Mastercard
