- President John Dramani Mahama posted that with its low transaction costs, $Solana could be the key to driving fintech growth and enabling cryptocurrency payments & investments across Africa
- However, since the post was made, there has been no follow-up post to explain the surprise endorsement, announcement, or plans to integrate blockchain or $Solana in the country's financial systems or plans
- The post has, however, raised questions about the circumstances surrounding it, stocking fears that the president may have fallen victim to another hacking scam
Ghana's President John Dramani Mahama has endorsed the cryptocurrency network $Solana. He said the network and blockchain can drive fintech growth and financial inclusion in Africa.
The president said this in a video post on X. “Financial inclusion isn't just a need for Ghana—it's essential for all of Africa. With its low transaction costs, #Solana could be the key to driving fintech growth and enabling cryptocurrency payments & investments across the continent,” the post read, and added, “Stay tuned for more details soon.” However, since the post was made, there has been no follow-up post to explain the surprise endorsement, announcement, or plans to integrate blockchain or $Solana in the country's financial systems or plans.
The post has, however, raised questions about the circumstances surrounding it, stocking fears that the president may have fallen victim to another hacking scam. The scams have been increasingly popular recently. For instance, earlier this month, the X account of one of Nigeria's most popular media brands, Premium Times, was hacked. The hackers posted several crypto-related content that directed its audience to a Medium page where they would be further directed to buy crypto and make payments.
On the other hand, President Mahama’s endorsement post included a video of him speaking at the Africa Prosperity Dialogues 2025 event. “The fourth industrial revolution presents a golden opportunity for Africa to leapfrog traditional development models. We don’t need to go back to inventing the wheel,” President Mahama said in the video.
“Digital transformation can drive financial inclusion. It can improve public service delivery and creat new opportunities for all our people. We must therefore expand internet access, and digital infrastructure to bridge the digital divide. We must encourage fintech and e-commerce to facilitate trade and economic participation. We must invest in research and development to support our homegrown innovations. Technology indeed has the power to make africa more competitive if we embrace it strategically.”
The speech seems genuine and addresses critical developmental issues on the continent. However, as he spoke, the president did not mention anything related to $Solana, crypto or blockchain; hence, the text attached to the video seems off and raises questions about its authenticity.
7 persons sentenced to 76 years in prison for stealing £100,000 in crypto
Meanwhile, TheRadar earlier reported that seven people have been sentenced to a combined 76 years in prison for assault, kidnapping and stealing some £100,000 in cryptocurrency from a single victim. A Manchester Crown court in the United Kingdom found them guilty and sentenced them.
The criminals started targeting the victim in January 2023. According to the police, on December 2, 2023, they received an anonymous call reporting concerns for welfare at a flat in Irlam.
