In the long-run, Ghana’s new Payment Systems and Services Act should help improve not only the payments system but also create an enabling environment for the surging financial digitization processes in the economy. 6  11. The Bank of Ghana is engaging the industry and currently reflecting their views to inform the operationalization of this new Act.
We will be coming out with the operational guidelines and licensing requirements for FINTECHs in the next couple of weeks. Views from ongoing stakeholder engagements will help us to develop a licensing regime and requirements that allow FINTECHs to operate independently under this new Act. 12.