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Regulatory and Innovation Sandbox Implementation

Regulatory and Innovation Sandbox Implementation
In Portfolio since 2021
3 years
Value
200,000
Location
Ghana
Implementation Partners
Bank of Ghana (BoG)

Project description

FSD Africa has partnered with the Bank of Ghana to support the implementation of a regulatory innovation sandbox which was launched in 2022 and which focuses on enabling the testing of solutions targeting underserved segments of the population.

FSD Africa supported a feasibility assessment of the sandbox in 2021 that was undertaken by the Cambridge Centre for Alternative Finance.

Our support includes advisory support to the Bank as it rolls out the sandbox and engages industry stakeholders.

Target Results

  • Regulatory barriers to innovation identified and addressed
  • More fintechs able to test and scale their innovations through participation in the sandbox
  • More innovative ideas tested through the sandbox
  • Bank staff and other stakeholders trained via on-the job training
  • Insights generated to support regulatory framework reforms

Progress to date

  • Completion of feasibility and design assessment (2021)
  • MOU signed between FSD Africa and the Bank of Ghana
  • Field visits and follow-up needs assessment completed following launch (2022)

Project Contact

Juliet Munro
Juliet Munro
Director, Early-Stage Finance
Download Brief

ACV’s impact measurement approach will evolve as we learn more about building businesses in the climate space and partner with new impact investors and actors.


Million
Reduction of 100 million tonnes annually by 2030, at least 30% capture.

Jobs
5000 jobs will be created, protected, and supported with at least 50% women.

Policies
15 Positive policy changes influenced.

 
GBP 34m will be mobilized/catalyzed from the public and private sector for projects designed to address climate change.