Ghana drafts first electronic payment regulation
New regulation will apply to banks and other financial institutions wanting to provide electronic money services
The Bank of Ghana has published a draft payments regulation, which will be presented to parliament after a consultation period, with the aim of regulating e-payments and transactions.
Currently, there are no specific regulations governing issuers of electronic money and payment services, but the new Payment Services Regulation will fill that gap, the bank said in a statement. The draft proposal was developed and approved by the bank's management and is expected to be passed into law by
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