BoG opens digital credit applications on November 3

The Second Deputy Governor of the Bank of Ghana (BoG), Mrs. Matilda Asante-Asiedu, has unveiled new regulatory measures designed to strengthen innovation and align financial supervision with the fast-evolving fintech landscape.

Speaking at the MoMo Fintech Stakeholder Forum on Wednesday, October 15, Mrs. Asante-Asiedu announced that the central bank will soon implement the Digital Credit Directive, introduce a virtual assets licensing regime, and expand financial literacy and consumer protection programmes nationwide.

She revealed that the BoG will begin accepting digital credit applications starting November 3, urging fintech operators to seize the opportunity.

“These initiatives will promote responsible innovation, enhance consumer protection, and build public confidence in Ghana’s growing digital finance ecosystem,” she stated.

Mrs. Asante-Asiedu added, “In the near term, we intend to operationalise the Digital Credit Directive, roll out our virtual assets licensing regime, and expand financial literacy and redress mechanisms across the country”.