There are moments in business when logic meets belief, when two sides of the world look at each other and say, let’s build something that lasts. This week marks one of those moments.
The District Assemblies Common Fund (DACF) of Ghana and Embed Financial Group Holdings (EFGH), a home-grown Singapore company, have joined forces to create Africa’s first Finternet.
The Finternet is not another buzzword. It is a digital network that connects money the way the Internet connects information. It links payments, credit and insurance through a single, trusted backbone. Its purpose is simple: to make finance faster, fairer and within reach for everyone.
Equal Partnership
From the start, this was a meeting of equals. Ghana brings its leadership in community-level development through the DACF, a national body that distributes government resources to all 261 districts. It is the engine behind schools, clinics, roads and countless projects that touch daily life.
Singapore contributes its experience in digital finance and its unrelenting focus on trust and reliability. When these two mindsets meet, something powerful happens. Innovation finds accountability.
Every initiative will be co-owned and co-managed. Revenues will be shared. Jobs will be created where they matter most. The DACF retains oversight to ensure that every cedi invested continues to serve Ghana’s development priorities.
This is partnership in its truest form: collaborative, transparent and proudly mutual.
How It Works
Imagine a network that gives a district treasurer, a street vendor and a small contractor the same access to finance as a multinational company. That is what the Finternet will deliver.
At its centre is the EFGH Wallet, powered by EUSD, a digital stablecoin whose value is pegged to the US dollar. A stablecoin allows users to send and receive payments instantly, without the delays or costs of traditional systems.
Layered on top are micro-insurance products built into the platform. A mason working on a local school or a farmer selling produce can now have affordable protection that was once out of reach.
The infrastructure will operate from green data centres in Ghana, powered by hydro and solar energy, proving that technology and sustainability can go hand in hand.
In practice, this means funds move faster, waste is reduced and accountability is built into every click. Progress will be measured not in theories but in real moments: the mother paid for her goods on time, the contractor compensated for completed work, the small trader gaining access to credit for the first time.
Global South Model
This partnership is part of a wider shift in how developing and emerging economies collaborate. It embodies what the United Nations calls South–South cooperation, nations of the Global South exchanging ideas and building solutions together.
Singapore has supported this movement through the Singapore Cooperation Programme, which trains public-sector leaders around the world in governance and financial technology. Ghana, with its stability, ambition and entrepreneurial energy, is a natural partner to bring these ideas to life.
Together, the DACF and EFGH are proving that the Global South can produce global solutions. The next chapter of finance will not only be written in New York or London but also in Accra and Singapore.
Human Impact
When I founded EFGH, my goal was to build systems that quietly make life better, technology that disappears when it works because it becomes part of everyday life. That principle still guides us.
This partnership is more than a contract. It is an embrace between two nations that see the world not as divided markets but as shared opportunity. It connects ambition with inclusion and innovation with empathy.
The Finternet will begin in Ghana, but its ripple will travel far beyond. It is proof that trust remains the world’s most valuable currency, and when we combine trust with technology, we can reshape continents.
A Bridge Forward
For EFGH and for me personally, this is not the close of a deal but the start of a journey, a bridge between two worlds that share the same belief: that progress only matters when everyone can cross it.
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