Ghana, Rwanda sign MoU for fintech licence passporting, cross-border payments

The Bank of Ghana and the National Bank of Rwanda have signed a Memorandum of Understanding (MoU) to introduce a licence passporting framework and enhance cross-border payment interoperability for regulated financial technology (fintech) companies.

The agreement was formalised on February 25, 2025, during the Inclusive Fintech Forum in Rwanda, which took place from February 24 to 26.

The signing ceremony was attended by the Governor of the National Bank of Rwanda, Mr. John Rwangombwa, alongside senior officials from both central banks.

The licence passporting framework is designed to streamline cross-border operations for fintech firms licensed by either country’s central bank.

This initiative will enable Ghanaian and Rwandan fintech companies to expand their services with minimal additional regulatory requirements, fostering innovation and growth in the financial technology sector.

Governor of the Bank of Ghana, Dr. Johnson Asiama, emphasized the significance of the agreement, stating, “This MoU reaffirms our commitment to a more integrated African market, which has the potential to enhance livelihoods, create opportunities for fintech innovation, and attract investment—particularly benefiting MSMEs.”

Governor Rwangombwa of the National Bank of Rwanda noted, “Building an effective cross-border payment infrastructure requires more than just innovation. It demands a forward-thinking regulatory framework that balances risks and opportunities.”

Both countries anticipate that this collaboration will strengthen their payment ecosystems, drive financial inclusion, and accelerate economic development.

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