Innovation must be backed by strong regulatory frameworks – BoG Govenor

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Bank of Ghana Governor Dr Johnson Asiama urged that financial innovation must rest on strong regulatory and institutional frameworks to be sustainable. He warned that innovation without credible architecture is fragile and said fragmented markets reduce competitiveness and the benefits of technology. Ghana is working with regional partners on fintech licensing passport initiatives and harmonised payment rails to deepen financial integration across Africa. The goal is to enable fintechs licensed in one jurisdiction to serve customers in others without rebuilding their core financial infrastructure.

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