Bank of Ghana Set to Receive Digital Credit Applications From November 3
The central bank is preparing to roll out a series of new regulatory measures aimed at deepening innovation and aligning financial oversight with the fast-evolving fintech landscape, according to the Second Deputy Governor of the Bank of Ghana (BoG), Mrs. Matilda Asante-Asiedu.
Speaking at the MoMo Fintech Stakeholders Forum in Accra on Wednesday, Mrs. Asante-Asiedu announced that the BoG will soon operationalise its Digital Credit Directive, introduce a virtual assets licensing regime, and expand financial literacy and consumer redress mechanisms across the country.
“In the near term, what we intend to do is to operationalise the Digital Credit Directive and roll out our virtual assets licensing regime, while expanding financial literacy and redress mechanisms nationwide,” she said.
The central bank will begin receiving applications for digital credit from November 3, she added, urging fintech firms and other financial service providers to take advantage of the opportunity.
Mrs. Asante-Asiedu said the initiatives form part of broader efforts to promote responsible innovation, strengthen consumer protection, and enhance trust in Ghana’s rapidly growing digital financial ecosystem.
The move marks a significant step in the BoG’s ongoing agenda to balance market dynamism with regulatory oversight, as digital finance increasingly becomes integral to Ghana’s financial inclusion and payments landscape.
