The central bank of Ghana responsible for regulating the country's financial sector.
Bank of Ghana Suspends Five Remittance Partners for One Month
The Bank of Ghana is suspending all remittance partnerships of Taptap Send, Top Connect, Remit Choice, Send App, and Afriex for one month. The suspension is due to breaches of the Updated Guidelines for Inward Remittance Services by Payment Service Providers.
Bank of Ghana Designates “Digital Credit Services” as a Non-Bank Financial Service
The Bank of Ghana has designated Digital Credit Services as a Non-Bank Financial Service under the Non-Bank Financial Institutions Act. This designation aims to bring mobile/app-based lending under a regulatory framework.
What Clara Arthur’s return to GhIPSS as CEO means for Ghana’s digital payments future
Clara B. Arthur will take over as CEO of GhIPSS on September 1, 2025. Arthur previously served as General Manager for Projects and Business Development at GhIPSS from 2015 to 2020.
How Bank of Ghana’s Virtual Asset Bill Could Impact Ghana’s Fintech Space
The Bank of Ghana plans to introduce the VASP Act by September 2025 to regulate the cryptocurrency market. Approximately 3 million Ghanaians, or 17% of the adult population, actively use cryptocurrencies.
Onafriq Unveils Card-to-Wallet Transfers in Ghana, Bridging Mobile Money and Card Payments
Onafriq launched a new feature in Ghana for seamless transfers between prepaid cards and mobile money wallets. Users can top up prepaid cards directly from their mobile money wallets.
