Tag: Fintech Central Banks
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Bank of Ghana Declares 50 Loan Apps Illegal: What This Means for Fintech in Africa
By: Tekpwfari Stix El| panafrican.email Date: May 31, 2025 — Introduction In a decisive move to regulate the fast-growing digital lending space, the Bank of Ghana (BoG) has declared 50 digital loan apps illegal, citing consumer abuse, data privacy violations, and failure to obtain proper licensing. The announcement has sparked intense public debate on financial…
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