The Bank of Canada's October Monetary Policy Report pointed to the start of the recovery, and the global outlook has improved modestly since then. However, significant fragilities remain, since the recovery is still heavily dependent on government support, and sustained growth driven by the private sector has yet to materialize.
At a time when the regulatory regime did not recognise FinTechs, key management personnel of the company frequently interacted with officials of Bank of Ghana on regulatory issues. It is no wonder then, that IT Consortium is one of the first few FinTechs to be licensed by the Bank of Ghana as an enhanced payment service provider.