Flutterwave Secures Approval for Inward Remittance Services in Ghana

Flutterwave, a leading African fintech company, has received approval from the Central Bank of Ghana to offer inward remittance services, further expanding its footprint across the continent. This milestone enables Ghanaians to receive remittances instantly, securely, and affordably from family and friends abroad.

The Role of Remittances in Ghana’s Economy

For decades, remittances have been a key driver of Ghana’s economy, funding daily expenses, education, and investments. With nearly 60% of foreign exchange inflows now reaching Ghana through mobile money channels, the demand for seamless digital financial services continues to rise.

Flutterwave’s entry into the remittance sector aligns with Ghana’s broader financial inclusion strategy, offering a more accessible alternative to traditional money transfer methods.

CEO Olugbenga Agboola on the Expansion

Commenting on the approval, Flutterwave’s Founder and CEO, Olugbenga “GB” Agboola, stated:

“We are excited to receive approval to provide inward remittance services in Ghana. Remittances play a vital role in the Ghanaian economy, and we aim to simplify the process for Ghanaians in the diaspora. This approval underscores our commitment to financial inclusion and economic growth in Africa.”

Ghana’s Progressive Fintech Regulations

Ghana has implemented forward-thinking policies to foster fintech innovation, including:

• Common Platform for Revenue Assurance – Ensures transparency in mobile money transactions and prevents fraud.
• Regulatory Sandboxes – Allows fintech startups to test new services within a controlled environment.
• Fintech and Innovation Office (est. 2020) – Provides adaptive regulatory supervision for the evolving fintech landscape.

These pro-business policies have positioned Ghana as a fintech hub, attracting investments and driving financial digitalization.