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Finance & InvestmentThu, 16 Jun, 22

Bank of Ghana Wins 2022 Fintech Policy Award of the Year

Bank of Ghana Wins 2022 Fintech Policy Award of the Year

The Bank of Ghana has been crowned the Central Banking’s Fintech Policy of the Year Award 2022. The award was presented to the central bank for its remarkable development of a Supervisory Intelligence Platform for Fintech development in the country.

The development of a Supervisory Intelligence Platform was aimed at streamlining the collection and analysis of granular data from regulated Fintech companies in the country. 

According to the Bank of Ghana, the platform will also enhance the Bank’s capabilities for evidence-based policy interventions in the dynamic digital financial service ecosystem. 

Commenting on the award, the Governor of the Bank of Ghana, Dr. Ernest Addison, accepted the award and praised the collective efforts of the board and the management of the bank for working together to achieve such a high-profile award. 

“On behalf of the Board, Management, and staff of the Bank of Ghana, I accept the Fintech and Regtech Global Awards for the Fintech Policy of the Year Award 2022 category, with honour and pride,” he said. 

He indicated that the purpose of innovation is not to follow trends; but to create solutions that are unique, tailored, and adaptable to one’s ecosystem. 

“I wish to express the Bank’s gratitude to Central Banking for the recognition of this innovative policy tool, which was borne out of our quest to promote inclusive innovation in a safe and secure environment.

He particularly applauded the efforts of the Bank’s Fintech and Innovation Office for the development of this tool in-house. 

“I believe this award will spur us to develop additional innovative ways to further enhance regulation and supervision of Ghana’s thriving digital financial service ecosystem.”

Dr. Addison however, recognises the technological achievements of central banks, supervisors, and commercial tech providers worldwide. 

 

Source: Abdul-Razak Mohammed (Real Estate Times Africa)

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