Ghana: Soften Regulations for Fintechs to Thrive--VP Bawumia Urges BoG

press release

The Vice President of the Republic of Ghana, Dr Mahamudu Bawumia, has urged the Bank of Ghana not to overly deploy regulations to tie the hands of Financial Technology (Fintech) players when drafting the Payment System Bill in order to free up their innovative choices.

According to Vice President Bawumia, players in the Fintech sector were "free spirits" who required freedom to experiment and innovate in order to come up with solutions geared towards deepening financial inclusion, a key part of the Nana Akufo-Addo government to formalise the economy.

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