The Head of FinTech and Innovation at the Bank of Ghana has called for a shift from simply expanding access to financial services to improving the financial well-being of Ghanaians, arguing that while the country has increased payments and account access, products offering long-term security—such as savings, credit, insurance, and pensions—remain unavailable to many, particularly women, informal workers, rural communities, and MSMEs.
28 July 2026 · Joy Online →
According to Owuraku Asare, Head of the FinTech and Innovation Department, the adoption of AI-powered credit assessment tools and improved access to data are helping fintech firms reduce non-performing loans, strengthen digital lending, and expand financial inclusion by enabling better risk assessment and faster lending decisions.
28 July 2026 · Joy Online →
The Bank of Ghana says innovation in the financial sector must be supported by strong regulation and consumer protection to ensure sustainable financial inclusion. The central bank pledged to strengthen oversight of digital financial services through high licensing standards, enhanced consumer protection, and a common early warning system for cyber resilience.
28 July 2026 · Joy Online →
A cybersecurity expert says Artificial Intelligence has become the only effective way to counter growing cybercrime, as criminals increasingly deploy AI-powered tools that conventional systems cannot detect. He argues that AI shifts cybersecurity from reactive defence to predictive, real-time automation capable of identifying and responding to threats before they cause damage.
28 July 2026 · Joy Online →
The Bank of Ghana says its regulatory framework aims to foster innovation while protecting consumers and maintaining financial system stability. According to the Head of the DEMI & PSP Office, regulation should complement innovation and safeguard vulnerable users of digital financial services.
28 July 2026 · Joy Online →
The Bank of Ghana reported that fraud cases in Ghana's digital financial services sector increased by 48 per cent in 2025, concentrated in payment services. The central bank is tightening licensing requirements and enhancing consumer protection measures to address the growing risks.
28 July 2026 · Joy Online →
Ecobank's Executive Director of Corporate and Investment Banking said digital innovation is reshaping how people live, work, and transact, redefining access to economic opportunity and enabling individuals, businesses, and communities to participate in the formal economy regardless of geography, income, or background.
28 July 2026 · Joy Online →
The inaugural Ecobank-Joy Business Financial Dialogue Series was held in Accra on Tuesday, July 28, 2026, bringing together regulators, financial institutions, fintech operators and industry leaders to discuss how digital payments and financial technology can expand access to formal financial services among underserved communities.
28 July 2026 · Joy Online →