The Bank of Ghana (BoG) has granted international money transfer operators (IMTOs) a critical operational reprieve by extending the formal registration deadline to July 31, 2026. This strategic extension is …
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Fintech
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Economy and Finance
BoG urges fintechs to deepen compliance, consumer protection and anti-financial crime efforts
by Adnan Adamsby Adnan AdamsThe Bank of Ghana (BOG) has called on mobile money operators, fintechs and financial institutions to strengthen compliance and consumer protection measures as the sector expands. Speaking on behalf of …
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Bank of Ghana Governor Dr. Johnson Asiama has warned that fintechs could become a major source of financial instability if left unregulated, emphasizing the need for proactive regulation to safeguard …
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Economy and FinanceNews
BoG clarifies role of FinTechs and MTOs in Inward Remittance Services.
by Adnan Adamsby Adnan AdamsThe decline in Ghana’s inward remittances has been validated by the Bank of Ghana that the newly licensed MTOs and 11 Fintech Companies have withheld approximately GH¢18 billion (US$ 3 …