Ghanas District Assemblies Common Fund DACF and Singapores Embed Financial Group Holdings EFGH have announced a joint venture to create Africas first Finternet - a digital financial infrastructure linking governments, communities and businesses through transparent, self-sustaining technology.
The Finternet will connect payments, credit and insurance the way the Internet connects information, enabling districts across Ghana to manage funds and services more efficiently while creating new revenue streams for national development.
Responsible Partnership ModelUnder the joint venture, the DACF and EFGH will co-invest in projects that generate income for public initiatives and support local SMEs. Each initiative will operate as a public-private partnership, ensuring that revenues are shared, local jobs are created and funds flow back into Ghanas development priorities.
