A working team from the Central Bank of Eswatini has paid a courtesy on the Electronic Money Issuers (EMIs) Chamber of Ghana.

According to a representative of the Bank of Ghana, who led the Eswatini delegation to the EMIs Chamber of Ghana, Mrs. Nancy Imadi (Head. Licensing and Product Approvals), the visit by the officials from the Central Bank of the Southern African Country on February 23, 2023, was part of a 3-day visit, to afford the team the opportunity to interact with various stakeholders within the Financial Technology (Fintech) ecosystem in Ghana.

Mrs. Imadi also spoke of the regulators openness to working with industry associations such as the EMIs Chamber to enhance the fortunes of the entire Fintech ecosystem.

“Most often than not we are happy to work with these associations to ensure that their interests are considered as new policies and regulations are worked on.” She further encouraged the representatives for Eswatini to welcome the formation of similar associations back home as it will help foster growth.

In his welcome address, the CEO of the EMIs Chamber of Ghana, Ing. Dr. Kenneth Ashigbey gave an overview of the Fintech ecosystem and the role that the EMIs play within it, as well as how they relate to other key stakeholders such as the Banks among others.

He touched on the collaborative nature of the industry in Ghana and how the Bank of Ghana has been instrumental in the industry’s growth.

“The great thing about the Fintech industry in Ghana is the collaborative nature of the engagements. Even before the Fintech Office was formed, the Bank of Ghana was always collaborative in terms of the steps it took as it tried to fashion out the space.”

The gathering discussed multiple topics ranging from the structure of the industry, mobile money fraud and steps being taken to curb it, taxation of the sector, and the development of products and services for the real sector of the economy among others.

The team from the Eswatini Central Bank included Fikile Shongwe, Nomthandazo Lukhele, Teluleko Mdluli, as well as James Sicelo Manyatsi from the Center for Financial Inclusion (CFI) of the Ministry of Finance in Eswatini.

Source: Chamber News Desk