This is a detailed guide that explains how individual and businesses can secure a regulatory license from the Bank of Ghana to run a fintech company.
How to Obtain a Fintech License in Ghana Fintech , otherwise called financial technology , is the use or integration of innovative digital technologies—such as a wide range of applications, including mobile banking apps, digital wallets, Application Programming Interface (API), Artificial Intelligence (AI), big data, cloud computing, blockchain technology, and Web3—to improve, streamline, and completely transform financial services and systems. All these digital innovative technologies allow fintech companies to reshape how people manage money, make payments, access credit, and invest. It often bypasses traditional banking structures and offers faster, more affordable solutions. At its core, fintech aims to make financial services more accessible, efficient, and user-friendly for both consumers and businesses. However, setting up a fintech company would require some regulatory approvals and licensing. Key regulatory stakeholders include the Bank of Ghana (BOG) —which is the primary regulator for licensing and supervision, the Dat…
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Temmy is the founder of Budgetrend. He is a seasoned journalist with extensive experience in business of technology, economy, finance, business, money, politics and education. He is currently studying Accounting at the Federal University of Oye-Ekit…
