The Governor of the Bank of Ghana, Dr. Johnson Pandit Asiamah, has announced that the central bank is exploring the option of introducing a dedicated legislation specifically for regulating financial technology companies, separate from the existing Payment Systems Act.
Speaking during a roundtable discussion on fintechs on Day 1 of the 3I African Summit in Accra, Dr. Asiamah explained that he has been in discussions with his head of fintech about the possibility of creating a more dynamic and targeted regulatory framework for the sector.
“We’ll look at our regulation. With that, I was discussing with my head of Fintech the other day, and I said, you know what? I want to have a separate legislation for Fintechs. We regulate them currently under the Payment Systems Act. And I said, no, can I see more dynamism? Can we have a separate law just for Fintechs? So that’s the idea — thinking about what next,” the Governor stated.
Dr. Asiamah also expressed confidence that fintechs represent a critical vehicle for achieving longstanding central bank objectives that traditional approaches have failed to deliver including deepening financial inclusion across the country.
“We think that through technology, through fintechs, we can achieve some of the aims, some of the things that have eluded us for so long. We can use fintechs to accelerate that,” he added.
The Governor further stressed the growing importance of fintechs in driving financial inclusion, noting that the central bank can no longer rely solely on traditional banking institutions to extend financial services to underserved populations across Ghana.
The 3I African Summit which is only happening for a second time is a major financial technology and digital economy event taking place in Accra from May 6 to May 8, 2026. Hosted at the Destiny Arena, the summit is organised by the Bank of Ghana and the Development Bank Ghana in partnership with Elevandi. The name 3I represents the summit’s three core pillars — Innovation, Investment and Impact.
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