Digital Finance Growth Requires Balanced Regulation
Ghana's financial technology industry has reached a critical point where regulation must adapt to innovation, according to Shaibu Haruna, CEO of MobileMoney Ltd.
Regulation must evolve in tandem with innovation to ensure that new digital financial products foster economic growth while safeguarding consumers.
Speaking at the 2025 Fintech Stakeholder Forum, Mr. Haruna emphasized the need for a balance between innovation and financial integrity to sustain the country's rapidly growing fintech ecosystem.
- Mobile money and digital credit platforms have increased access to finance.
- However, many Ghanaians are hesitant to engage fully due to concerns about fraud, data breaches, and misuse of personal information.
Author's summary: Ghana's fintech growth depends on balanced regulation.