Remittances: BoG explains role of fintechs, MTOs

The Bank of Ghana (BoG) has clarified the role of FinTechs in the remittance space. In an explainer shared on the Bank’s social media handle, it emphasized that local FinTech companies authorized by the Central Bank do not mobilize foreign exchange (FX) from abroad. Instead, Money Transfer Organizations (MTOs) based abroad handle the receipt of … Read more

Harmonized regulation non-negotiable, says BoG Governor on boosting intra-African trade

Governor of the Bank of Ghana (BoG), Dr. Ernest Addison has acknowledged the critical role of a harmonized regulatory framework and strategic partnerships among digital space players in achieving broad financial sector inclusion and enhancing intra-African trade. Speaking at the Continental Mobile Interoperability Symposium by the Africa Prosperity Network in Accra, Dr. Addison stressed that … Read more