MoMo's CEO Urges Balanced Regulation for Digital Finance Growth
Ghana's financial technology industry has reached a decisive moment where regulation must evolve with innovation to ensure new digital financial products foster economic growth while safeguarding consumers, 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, Haruna noted that Ghana's fintech ecosystem has grown rapidly, but its sustainability depends on maintaining a balance between innovation and financial integrity.
- Mobile money and digital credit platforms have revolutionised access to finance.
- Many Ghanaians remain hesitant to engage fully due to fears of fraud, data breaches, and misuse of personal information.
Author's summary: Ghana's fintech growth requires balanced regulation.
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