Minister of Communications, Digitalisation, and Innovation, Samuel Nartey George
The Minister of Communications, Digitalisation, and Innovation, Samuel Nartey George, has supported the Bank of Ghana’s statement that MTN MoMo has not been licensed to conduct cross-border transactions.
He noted that despite the government’s commitment to creating a seamless and inclusive financial ecosystem, the industry remains regulated.
In a post on X, sighted by GhanaWeb Business, the Minister of Communications and Digitalisation stated that his ministry is committed to fostering a favorable ecosystem that safeguards the investments of Ghanaians.
“I have received several frantic calls from players in Ghana’s fintech ecosystem, deeply worried about a statement circulating today that @MTNGhana and @MTNNG have commenced cross-border payments. Despite our commitment to a seamless and inclusive financial ecosystem, there are regulations for the industry. My checks with @thebankofghana indicate that no such license has been issued for cross-border payments.
“We will work with all stakeholders as the Ministry for Digital Technology to ensure a favorable ecosystem that protects investments, supports innovation, and offers the best products to our citizens,” part of his tweet said.
The Bank of Ghana, while clarifying the matter, indicated that it had granted Brij Fintech Ghana, a licensed Payment Service Provider, approval to pilot BrijX—a B2B Currency Swap Platform—under its regulatory sandbox program.
The platform is designed as a digital marketplace, collaborating with banks, Mobile Money operators, and licensed PSPs to facilitate direct currency swaps between the Ghanaian Cedi and the Nigerian Naira without the need for forex or the physical movement of funds across borders.
The pilot, which was approved in 2024, began live testing in February 2025, with MoMo customers and will soon extend to G-Money customers.
Read his tweet below:
I have received several frantic calls from players in Ghana’s fintech ecosystem deeply worried about a statement circulating today that @MTNGhana and @MTNNG have commenced cross border payments.
Despite our commitment to a seamless and inclusive financial ecosystem, there are…
— Sam ‘Dzata’ George 🦁🇬🇭 (@samgeorgegh) March 19, 2025
SA/AE