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The Second Deputy Governor of the Bank of Ghana (BoG), Mrs. Matilda Asante-Asiedu, has announced a series of new regulatory initiatives designed to strengthen financial innovation and align supervision with the rapid growth of Ghana’s fintech sector.
Speaking at the MoMo Fintech Stakeholder Forum on Wednesday, October 15, Mrs. Asante-Asiedu disclosed that the central bank will soon operationalise its Digital Credit Directive, introduce a virtual assets licensing framework, and expand both financial literacy and consumer protection mechanisms nationwide.
She revealed that the Bank of Ghana will begin receiving applications for digital credit licences from November 3, urging fintech operators and other interested stakeholders to prepare to participate.
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“In the near term, we intend to operationalise the Digital Credit Directive, roll out our virtual assets licensing regime, and expand financial literacy and redress mechanisms across the country,” she said.
“From November 3, applications will be open for Digital Credit. So, if that’s an area you’re interested in, this is the time to take note.”
According to Mrs. Asante-Asiedu, these measures form part of the BoG’s broader strategy to promote responsible innovation, enhance consumer protection, and build public trust within Ghana’s rapidly evolving digital financial ecosystem.
Story By: Afia Ohenewaa Akyerem