Second Deputy Governor of the Bank of Ghana (BoG), Mrs. Matilda Asante-Asiedu, has announced key regulatory measures aimed at strengthening innovation and aligning financial regulation with rapid market developments in the fintech space.
Speaking at the MoMo Fintech Stakeholder Forum on Wednesday, October 15, Mrs. Asante-Asiedu said the central bank will soon operationalise the Digital Credit Directive, roll out a virtual assets licensing regime, and expand financial literacy and consumer redress mechanisms nationwide.
She added that the Bank of Ghana will begin receiving applications for digital credit starting November 3, encouraging interested players in the sector to take advantage of the opportunity.
The move, she noted, forms part of efforts to promote responsible innovation, enhance consumer protection, and build trust in Ghana’s growing digital financial ecosystem.
She announced, “In the near term, what we intend to do is to operationalise the Digital Credit Directive and roll out our virtual assets licensing regime and expand financial literacy as well as the redress mechanism across the country.
“We expect that from November 3, applications will now be received for Digital Credit. So, if that is an area you’re interested in, certainly that’s something to take note of .”
Matilda Asante-Asiedu: Global Fintech market to hit $400bn by 2028
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