The Bank of Ghana and the National Bank of Rwanda have signed a Memorandum of Understanding (MoU) to establish a licence passporting framework and cross-border payment interoperability for regulated fintech companies.
The agreement was formalized on February 25, 2025, during the Inclusive Fintech Forum in Rwanda.
The framework will facilitate easier cross-border operations for fintechs licensed by either country’s central bank, promoting innovation and growth in the financial technology sector.
Dr. Johnson Asiama, the Governor of the Bank of Ghana, emphasized the commitment to an integrated African market, stating “the signing of this memorandum of understanding reaffirms our commitment to the broader idea of an integrated African market which holds the prospects of enhancing the livelihoods of our citizens and creates opportunities for an environment that encourages fintech innovation and investment, ultimately benefiting our economies particularly MSMEs.”
Governor of the National Bank of Rwanda, John Rwangombwa, highlighted the need for a balanced regulatory framework.
“We recognise that creating an effective cross-border payment infrastructure requires more than just innovation. It demands a forward-fitting regulatory framework that balances risks and opportunities.”
