Expand into Ghana's digital finance market, with your own licence.

A PSP licence is issued by the Bank of Ghana under the Payment Systems and Services Act, 2019 (Act 987). You incorporate a Ghanaian company with at least 30% Ghanaian ownership, pay up the minimum capital for your tier, appoint a board of at least three directors, and file a business plan, five-year projections, AML/CFT, consumer-protection and ICT policies and fit-and-proper forms for shareholders, directors and senior managers. A complete filing is typically decided in four to six months.

PSP Enhanced: GH¢2 million (about US$171,000). PSP Medium: GH¢800,000. PSP Scheme: GH¢8 million. Dedicated Electronic Money Issuer (DEMI): GH¢20 million (about US$1.7 million). Universal banking licence: GH¢400 million. The capital is paid into your own company and must remain unimpaired. Regulator fees are small by comparison: for PSP Enhanced, GH¢12,000 on application, GH¢40,000 on licence and GH¢7,000 a year on renewal.

Yes, up to 70% for most licence categories. The Bank of Ghana requires a Ghanaian shareholder of at least 30% for PSP Enhanced, PSP Medium, PSP Scheme and DEMI licences; PSP Standard is reserved for wholly Ghanaian-owned companies. In our joint venture the 30% is held by an established Bank of Ghana-regulated financial group as a working partner: they provide the resident director, the licence know-how and the regulator relationship, and the terms sit in a shareholders' agreement you sign before anything else. You keep the majority and control the board. Foreign shareholders also register with the Ghana Investment Promotion Centre.

Yes. The Virtual Asset Service Providers Act, 2025 (Act 1154) regulates exchanges, custody, brokerage, transfers and token issuance. Securities-type tokens are supervised by the SEC Ghana; stablecoins and payment tokens by the Bank of Ghana. Today the route is admission to the SEC's virtual-asset sandbox, usually paired with a PSP licence for the fiat leg. The SEC runs the sandbox for twelve months and has said eligible, compliant, market-ready participants may transition to activity-based authorisation after the first six months; full licensing is expected from 2027. Being in the sandbox is the way to be considered first, not a guarantee.

No. A Bank of Ghana or SEC Ghana licence authorises activity in Ghana: Ghanaian customers, cedi accounts and wallets, and cross-border flows that start or end in Ghana. There is no ECOWAS or African passport today; Nigeria, Kenya, South Africa and the others each license separately. What Ghana gives you is the base: the Bank of Ghana and the National Bank of Rwanda signed Africa's first licence-passporting framework in February 2025 and are finalising it, with more than ten central banks in discussion to join; Accra hosts PAPSS, the pan-African settlement system, and the AfCFTA Secretariat; and the Bank of Ghana is piloting wallet-to-wallet corridors with Nigeria and Rwanda. A company licensed in Ghana is positioned for those corridors as they open. We also help with the next licence when you are ready.

Yes. Ghana has been among the ten most peaceful countries in Africa in every edition of the Global Peace Index since 2008 (2025: 61st of 163 worldwide, 7th in Africa) and is one of the three lowest-crime countries on the continent in Numbeo's 2025 index. It is a stable democracy with nine peaceful changes of government since 1992, an independent judiciary, English as the official language, and a central bank with published rules. Foreign investors get the same treatment as local ones under the Investment Promotion Act and can repatriate dividends and capital through the banking system.

Incorporation takes four to eight weeks. Act 987 gives the Bank of Ghana ninety days to decide a PSP application once the file is complete, so the real variable is preparation. A complete PSP application is typically decided in four to six months end to end; DEMI in six to nine; banking licences take twelve months or more. Where it fits the activity, a company can go live within about ninety days on our existing licensed rails while its own application is processed.

The Bank of Ghana requires at least three directors, two of whom, including the CEO, are resident in Ghana. Most operators appoint a Ghana-resident CEO or general manager and second their own CTO or COO. We provide one of the resident directors.

Not live in Ghana, but you must present a working platform: architecture and security controls, a penetration-test report, transaction monitoring with two-factor authentication, and a business-continuity plan. PCI DSS applies where you touch card data; ISO 27001 is expected for the Enhanced tier. Certifications you already hold carry over.

A fixed fee for structuring the company and taking the licence through, agreed in the term sheet, with a success component when the licence is granted. Regulatory capital, regulator fees and local set-up costs are separate and remain yours; the capital stays in your own company. You get the full figure before you commit to anything. The first assessment is free.

Corporate income tax is 25%. Withholding tax on dividends paid to non-residents is 8%, reduced where a double-taxation treaty applies. VAT and levies apply to most services. With a Ghanaian partner there is no separate investment-law capital floor for a joint venture under the Ghana Investment Promotion Authority Act, 2026 (Act 1173).

Yes. The same team sets up companies in any sector: company formation, GIPC registration, banking, office and staff, permits for expatriate employees, and introductions to the relevant ministries and regulators. Tell us what you want to operate and we will map the route.