The Second Deputy Governor of the Bank of Ghana (BoG), Mrs. Matilda Asante-Asiedu, says the Bank is set to unveil a new set of regulatory measures designed to strengthen innovation and align financial supervision within the fast-evolving fintech landscape.
Speaking at the MoMo Fintech Stakeholders Forum in Accra, Mrs. Asante-Asiedu announced that the central bank will soon operationalise its Digital Credit Directive, introduce a virtual assets licensing framework, and expand financial literacy and consumer redress mechanisms nationwide.
She said the new measures are part of the Bank of Ghana’s broader efforts to balance technological advancement with financial stability and consumer trust, particularly as mobile money and digital payments continue to reshape Ghana’s financial ecosystem.
“In the near term, what we intend to do is to operationalise the Digital Credit Directive and roll out our virtual assets licensing regime,” she said. “We will also expand financial literacy and the redress mechanism across the country.”
The Deputy Governor further revealed that the Bank of Ghana will begin receiving applications for digital credit licenses starting November 3, and encouraged fintech firms, mobile money operators, and digital lenders to take advantage of the new framework.
She explained that the Digital Credit Directive seeks to establish clear guidelines for the issuance, management, and repayment of digital loans to protect consumers from predatory lending practices while fostering responsible innovation among service providers.
The virtual assets licensing regime, she added, will create a structured environment for the use and supervision of digital assets, such as cryptocurrencies and token-based platforms within Ghana’s regulatory framework.
This, she said, will ensure transparency, safeguard users, and prevent the misuse of virtual assets for illicit transactions.
Mrs. Asante-Asiedu also highlighted the Bank’s renewed focus on financial literacy and consumer protection, noting that a digitally empowered citizenry is essential to the success of Ghana’s cash-lite and inclusive financial agenda.
“Innovation must go hand in hand with trust and accountability,” she stressed. “When consumers are informed and protected, the entire ecosystem thrives.”
The MoMo Fintech Stakeholders Forum brought together representatives from mobile money operators, fintech startups, financial institutions, and policymakers to discuss regulatory updates, emerging trends, and collaborative opportunities within the digital finance sector.
The Bank of Ghana’s new policy actions are expected to enhance responsible innovation, strengthen public confidence, and position Ghana as a leader in safe and inclusive digital finance across Africa.
