Ghana’s Addison warns banks on price of not innovating
Emerging fintechs have the power to displace traditional banks, Ghanaian governor says
The governor of the Bank of Ghana has warned traditional banks risk disappearing altogether if they do not keep pace with the innovative products provided by emerging fintech companies.
“Digitisation, competition and innovation have led to significant changes in the payments sphere,” Ernest Addison said earlier this month.
“It is clear the future of money and finance will be marked by innovation, new technologies and increased competition across borders. This may subsequently lead to the
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