Dr Ernest Addison — Governor, BoG
The Financial institution of Ghana (BoG) has established a brand new workplace to drive the expansion and sustenance of economic know-how (FinTech) and innovation within the nation.
The creation of the FinTech and Innovation Workplace is a part of the central financial institution’s broader technique to entrench cash-lite, electronic-payments digitisation within the nation.
In a launch issued on Tuesday, Might 5, the financial institution mentioned the emergence of FinTech options had launched complexities that required the sector supervisor’s focus, to know and supervise successfully.
“The brand new FinTech and Innovation Workplace will likely be accountable for licensing and oversight of devoted digital cash issuers (cellular cash operators), cost service suppliers (PSPs), closed loop cost merchandise, cost help options and different rising types of cost delivered by non-bank entities.
“The office will also develop policies to promote FinTech, innovation and interoperability in Ghana,” the discharge mentioned.
The Every day Graphic understands that the workplace could be headed by a FinTech specialist with work stints in telecommunications, finance and know-how.
It has additional gathered that the top had been a part of the World Financial institution’s Consultative Group to Help the Poorest (CGAP) inclusive markets crew within the nation.
He was answerable for digital monetary companies ecosystems, which embrace suppliers, central banks, finance ministries, and different stakeholders, to advance monetary inclusion by way of digital monetary companies.