Mastercard has announced the opening of its first office in Accra, Ghana, marking a significant milestone in its expansion within West Africa. This strategic move highlights Mastercard’s commitment to fostering Ghana’s digital economy by providing innovative financial products and tailored solutions to the market.
The establishment of a physical presence in Ghana aims to deepen collaborations with stakeholders and drive inclusive growth in the region. The new office will serve as a hub for Mastercard to better address the specific needs of Ghanaian customers and contribute to the nation’s evolving financial landscape.
“Opening our office in Ghana marks an important milestone in our commitment to deepening relationships across the region,” said Mark Elliott, Division President for Africa at Mastercard. “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 remain unwavering in our commitment to shaping the future of payments and financial services in this dynamic market.”
Ghana, with a GDP per capita of USD $2,238 in 2023 and growing sectors like agriculture, mining, and digital infrastructure, presents a ripe opportunity for Mastercard’s expansion. Folasade Femi-Lawal, Country Manager and Area Business Head for West Africa at Mastercard, noted, “We are committed to attracting and nurturing top talent and fostering an ecosystem that contributes positively to the local economy and technological advancement. Through collaborative partnerships, we will continue to work closely with stakeholders to drive a connected and inclusive digital future for all.”
Mastercard’s initiatives in Ghana have already included partnerships with fintech innovators like Kalabash, KaiOS, and Boost, as well as financial institutions like Access Bank and Fidelity Bank. These collaborations have strengthened financial inclusion, empowered fintechs, and expanded access to digital services for underserved communities.
The Accra office joins Mastercard’s network of locations across Africa, including Cairo, Casablanca, Johannesburg, Lagos, Nairobi, and Mauritius, reinforcing its commitment to driving sustainable digital transformation across the continent.
