Ghana’s former President, John Dramani Mahama, has thrown his weight behind Solana blockchain, citing its potential to drive fintech growth and cryptocurrency adoption in Africa ¹. In a social media post, Mahama emphasized Solana’s low transaction costs as a key factor in promoting financial inclusion across the continent.
Solana’s proof-of-history (PoH) consensus mechanism supports high transaction volumes, making it an attractive option for African fintech solutions. Mahama’s endorsement is significant, given Ghana’s central bank’s ongoing efforts to regulate cryptocurrencies, including the launch of its own digital currency, the eCedi.
Mahama also stressed the importance of blockchain technology in Africa’s digital transformation, urging investments in internet expansion, digital infrastructure, and fintech to bridge the digital divide. His comments reflect a growing recognition of the potential for blockchain and cryptocurrency to drive economic growth and financial inclusion in Africa.
