Mastercard Opens New Office in Accra to Boost Digital Economy and Financial Inclusion

Mastercard Opens Its First Office in Ghana, Bolstering the Country’s Digital Economy

Accra, Ghana – January 13, 2025 – Mastercard, a leading global technology company in the payments industry, has officially opened its first office in Ghana.² This strategic move marks a significant milestone in Mastercard’s commitment to expanding its presence in West Africa and supporting the region’s growing digital economy.

The new office in Accra will serve as a hub for Mastercard’s operations in Ghana, allowing the company to deepen its relationships with local partners, customers, and stakeholders. It will also enable Mastercard to better understand and address the unique needs of the Ghanaian market, fostering innovation and driving financial inclusion.

A Commitment to Ghana’s Digital Transformation

Mastercard’s decision to establish a physical presence in Ghana underscores its belief in the country’s potential as a key driver of economic growth and development in West Africa. Ghana has witnessed remarkable progress in recent years, with a growing middle class, increasing digital adoption, and a government committed to fostering a conducive environment for business and innovation.

The opening of the Accra office aligns perfectly with Mastercard’s broader vision for Africa, which focuses on leveraging technology to connect people, businesses, and economies across the continent. By establishing a local presence, Mastercard aims to:

• Strengthen Partnerships: Collaborate more closely with local financial institutions, fintechs, and government agencies to develop innovative payment solutions tailored to the Ghanaian market.
• Drive Financial Inclusion: Expand access to financial services for underserved populations, including small and medium-sized enterprises (SMEs) and rural communities.
• Promote Digital Commerce: Encourage the adoption of digital payment methods across various sectors, from e-commerce and retail to transportation and healthcare.
• Foster Innovation: Support the growth of the fintech ecosystem in Ghana by providing mentorship, training, and access to Mastercard’s global network and resources.

A Catalyst for Growth and Development

Mastercard’s entry into the Ghanaian market is expected to have a positive ripple effect on the country’s economy. By fostering innovation and promoting digital commerce, Mastercard will contribute to job creation, economic growth, and improved financial well-being for Ghanaians.

The company’s commitment to financial inclusion will also empower marginalized communities, enabling them to participate more fully in the formal economy and improve their livelihoods.

A Bright Future for Ghana and Mastercard

A Vision for the Future

Mark Elliott, Division President for Africa at Mastercard, expressed his gratitude to partners in the public and private sector for their support in building a better, more connected digital world. He emphasized Mastercard’s commitment to attracting and nurturing top talent and fostering an ecosystem that aims to contribute positively to the local economy and technological advancement.

Folasade Femi-Lawal, Country Manager and Area Business Head, West Africa, Mastercard, highlighted the organization’s dedication to working closely with partners and new players in the fintech space to contribute to a connected and inclusive digital future for all.

About Mastercard (NYSE: MA)

Mastercard is a global technology company in the payments industry. Our mission is to connect and power an inclusive digital economy that benefits everyone, everywhere by making transactions safe, simple, smart, and accessible. Using secure data and networks, partnerships and passion, our innovations help individuals, financial institutions, governments, and businesses realize their greatest potential. Our decency quotient, or DQ, drives our culture and everything we do inside and outside of our company. With connections across more than 210 countries and territories, we are building a sustainable world that unlocks priceless possibilities for all.