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Tag Archives: fintech summit

BoG sanitizes fintech industry with new laws

bog

The Bank of Ghana says it will strictly enforce the yet to be passed Payment Systems to sanitize the financial sector. The central bank has bemoaned what it says is the proliferation of fintechs in Ghana’s financial system. Currently, there are seventy-one fintechs providing solutions to businesses and individuals. Following the impact of cyber fraud with the rise in the ...

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Citi Business Festival: GhIPSS urges capping cash withdrawals at banks

Archie Hesse - CEO of GhIPSS

The Ghana Interbank Payment and Settlement Systems (GhIPSS) has made a strong case for a cap to be placed on all cash withdrawals at banks. It follows appeals to reduce the use of cash to minimize the number of attacks associated with cash transactions. The government also hopes to achieve a cashlite economy by 2020. In the second of our reports ...

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SMEs skeptical of mobile money services (Audio)

telecom mobile money

Businesses are still skeptical of the use of mobile money despite the boom in patronage of the service. Citi Business News’ checks with some small scale business owners show mixed reactions to the use of mobile money services. This means more needs to be done to increase patronage. In the build up to the Financial and Technology Summit as part ...

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Citi Business News