Fintech in Ghana Still Untapped Despite Mobile Money Growth, Says Hackscience CEO

In this section of the interview, Kelvin Oduro Aboagye, CEO of Hackscience Technologies, discusses the current state of the fintech industry in Ghana, the key opportunities within the market, and the strategic structure behind his group of companies. He explains that the fintech sector in Ghana is still largely driven by mobile money, with most companies relying on telecom providers such as MTN to process transactions. This dependency creates a major challenge, as frequent service disruptions and payment downtime issues affect the reliability of fintech solutions and limit operational efficiency.

Despite these constraints, Kelvin highlights that the fintech market in Ghana remains significantly underpenetrated. Many businesses, particularly at the local level, still do not use digital payment systems, which creates strong opportunities for growth across mobile payments, card transactions, and e-commerce solutions. This indicates that fintech adoption in Ghana is still in its early stages, leaving considerable room for innovation and expansion.

He also outlines how Hackscience Technologies operates at the centre of a broader digital ecosystem, serving as the parent company that provides software development and cybersecurity expertise. Hackscience supports its sister companies, Bulkclix and Horlap Innovation Experience, by building their core technology infrastructure. While Bulkclix focuses on developing reliable fintech and payment systems, Horlap is dedicated to robotics innovation aimed at reducing manual labour. Together, these companies form an integrated and complementary ecosystem that combines fintech, software development, cybersecurity, and robotics into a unified strategic vision.