MobileMoney LTD leads a collaborative effort among fintech ecosystem players to harness Digital Credit and Asset Regulation
Date: 2025-10-21
The forum brought together over 200 key stakeholders from the financial, regulatory, and technology sectors to deliberate on the evolving fintech landscape and chart a sustainable path for digital finance growth in Ghana.
Held under the
theme “Harnessing Ghana’s Fintech Potential: Regulatory Frameworks for Digital
Credit and Digital Assets,” the event explored how policy, regulation, and
innovation can align to build an inclusive and resilient digital financial
ecosystem.
In setting the
tone for the conversation, Mr. Shaibu Haruna, CEO of MobileMoney LTD,
emphasized the forum’s core purpose and said, “This gathering is not just
about dialogue, but more importantly, about partnership and shared commitment
to shaping the future of digital financing in Ghana, and perhaps across
Africa.”
He noted that
as the fintech economy evolves, there is an urgent need for policymakers,
regulators, and industry players to engage innovators to harness the potential
of digital credit and digital assets to deepen financial inclusion, empower
small businesses, and contribute to national development. Mr. Haruna added that
“innovation must continue to serve people and uphold the dignity of society.”
Delivering the
keynote address, Mrs. Matilda Asante-Asiedu, Second Deputy Governor of the Bank
of Ghana, said the central bank is focused on defining “the new rules of trust”
to balance innovation with financial integrity and consumer protection.
She noted that
digital finance has become the “new infrastructure for opportunity” across
Africa, with digital credit users in Ghana estimated between 2 and 5 million
and crypto adoption steadily rising, making the forum’s theme particularly
timely.
Mrs. Asante-Asiedu commended MML for convening the platform, adding, “We are not here merely to discuss innovation; we are here to define the new rules of trust.”
She reaffirmed
the Bank of Ghana’s dual mandate to safeguard financial stability while
fostering innovation that promotes inclusion.
Providing key regulatory updates, the Deputy Governor announced that the Digital Credit Directive, which enforces clear disclosure and ethical lending practices, came into effect last month. She further disclosed that the Virtual Asset Service Providers (VASP) Bill is in its final drafting stage, and the Bank of Ghana will begin accepting applications for digital credit licenses from November 3, 2025.
She encouraged
private sector actors to “innovate boldly, but with integrity,” citing a recent
enforcement exercise that uncovered more than 400 illegal digital lending
operators.
The forum also
featured insightful presentations by Mr. Selorm Branttie of Imani Africa and
Prof. Peter Quartey of the Institute of Statistical, Social and Economic
Research (ISSER), who offered valuable perspectives from policy and academia on
the future of fintech in Ghana. Other panelists who contributed to the
conversation were Clara Arthur- CEO GhIPSS, Ethel Cofie -CEO Edel Technologies
and Sylvia Otuo Acheampong – Chief Products and Services Officer Mobile Money
LTD.
MobileMoney LTD
expressed optimism that the insights shared and the collaborative spirit
fostered at the forum will guide the next phase of digital finance policymaking
and ensure that innovation continues to improve the lives of Ghanaians.
By: News Desk Report
