• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Banking & Finance

Fintech: DASH to resume service in Ghana after months of suspension by BoG

3 years ago
in Banking & Finance, Business, Features, highlights, Home, home-news, latest News
1 min read
0 0
0
196
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Fintech: DASH APP to resume service in Ghana after months of suspension by BoG

Domestic and cross-border payments app, DASH, is expected to soon resume its operations in the country following company’s suspension by the Central Bank.

The company’s suspension by the regulator was premised on the basis of the former operating without the requisite license.

But fresh information reaching norvanreports indicate that DASH is preparing to resume operations in the next few months.

“I can tell you that we are in the final stages of restoring our services in Ghana and you will be notified once the service is fully restored,” said an official of the company.

In a letter dated March 9, 2022, Head of Fintech and Innovation at BoG, Kwame A. Oppong, said it had come to the notice of the BoG that through the Dash App, Spektra Technologies was offering services like Wallet Creation, Cross Border Payment, Holding of Float Balance as well as Bill and Utility Payment without the requisite approval.

The letter said “Payment Service Providers (PSPs) were required to obtain the appropriate regulatory approval from the BoG under Section 7 (1) of the Payment Systems and Services Act, 2019, (Act 987) prior to operating a payment service in Ghana.”

RelatedPosts

BoG’s New FX Rules Offer Short-Term Stability but Risk Repeating Nigeria, Kenya Mistakes if FX Controls Persist – Dr. Dumanya

Government Cuts Black Stars Budget by Over $732,000 for Upcoming World Cup Qualifiers Against Chad and Mali

Africa’s Road to the 2026 World Cup Heats Up As Qualifiers Resume Today

The Central Bank therefore directed the company to cease offering the above payment services with immediate effect until they obtained the appropriate approval from the BoG.

The BoG also reminded the company that offering payment services in the country without a license is an offense under Section 9 (1) of Act 987.

all other Fintech companies that were in partnership with Dash in Ghana were also ordered to pull the plugs on the company until further notice.

The suspension came shortly after Spektra Technologies had raised some $32.8 million funding to build connected wallets in Africa.

Since the suspension, Dash users in Ghana have been left stranded and unable to access their funds on in the App.

Dash first started operations in Ghana from 2019, connecting digital wallets across networks to facilitate payments both locally and across borders.

Tags: Bank of Ghana (BoG)DashFintech: DASH APP to resume service in Ghana after months of suspension by BoG
No Result
View All Result

Highlights

US Open: Alcaraz Advances to Semifinals; Sabalenka Set for Rematch with Pegula

GSE Composite Index Dips as MTNGH Extends Decline; TOTAL Posts First Gain in Over a Month

Chamber of Mines Pushes for Longer Stability Agreements to Safeguard Ghana’s Mining Competitiveness

Why Shorter Mining Leases Could Cost Ghana Big Projects and Jobs

Gold Price Hits Record High as Investors Seek Safety

Nigeria: Forex Traders Say Chinese Traders Now Collecting Naira Instead of Dollars

Trending

Banking & Finance

BoG’s New FX Rules Offer Short-Term Stability but Risk Repeating Nigeria, Kenya Mistakes if FX Controls Persist – Dr. Dumanya

September 3, 2025

BoG’s New FX Rules Offer Short-Term Stability but Risk Repeating Nigeria, Kenya Mistakes if FX Controls Persist...

Government Cuts Black Stars Budget by Over $732,000 for Upcoming World Cup Qualifiers Against Chad and Mali

September 3, 2025

Africa’s Road to the 2026 World Cup Heats Up As Qualifiers Resume Today

September 3, 2025

US Open: Alcaraz Advances to Semifinals; Sabalenka Set for Rematch with Pegula

September 3, 2025

GSE Composite Index Dips as MTNGH Extends Decline; TOTAL Posts First Gain in Over a Month

September 3, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.