Ghana releases draft open banking directive
Central bank heralds “transformative development” in consumer-consented data sharing
The Bank of Ghana has released a draft open banking directive for its regulated financial institutions.
Open banking allows banks and consumers to share financial data with third-party financial service providers. Its proponents argue that sharing data securely increases transparency, competition and efficiency, and encourages the development of new services.
The central bank said open banking was “a transformative development” in global financial services. It added that it intended to encourage
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