Alliance for Financial Inclusion Highlights FinTech Supervision in Ghana
The Alliance for Financial Inclusion (AFI) is spotlighted in a case study focusing on the supervision of FinTech in Ghana. The study, part of a broader examination of financial inclusion, outlines the regulatory framework established by the Corporate Insolvency and Restructuring Act, 2020 (CIRA), which aims to manage distressed companies, including payment service providers and e-money issuers. The Office of the Registrar of Companies (ORC) is implementing a licensing regime for insolvency practitioners, ensuring only licensed individuals can manage insolvency proceedings. This development is crucial for stakeholders such as customers, creditors, and investors, who must act swiftly when a FinTech shows signs of distress. The study emphasizes the importance of verifying the credentials of insolvency practitioners and understanding the regulatory landscape to protect financial interests. 
