🔥 Trending Zeepay Ghana's E-Money License Revoked: What You Need to Know

The Bank of Ghana (BoG) has revoked the Dedicated Electronic Money Issuer (DEMI) license of Zeepay Ghana Limited, effective July 14, 2026 ²³. This action was taken due to multiple regulatory breaches and the company's persistent failure to comply with regulatory directives ³⁴⁵.

Details of the Revocation

The revocation was made in accordance with Section 13 of the Payment Systems and Services Act, 2019 (Act 987) ²⁷. The BoG cited "multiple regulatory breaches" and "persistent non-compliance" with directives as the primary reasons for this decision ⁴⁵⁶.

Key Reasons for Revocation:

• Multiple Regulatory Breaches: Zeepay Ghana Limited was found to have committed numerous violations of the established regulations governing electronic money issuers ³⁵.
• Persistent Failure to Comply: The company consistently failed to adhere to directives issued by the central bank, indicating a systemic issue with compliance ³⁶.
• Risks to Customers and Payment System: The BoG indicated that these breaches posed risks to customers and the overall integrity of the country's payment system ¹⁰.

This is not the first instance of regulatory action against Zeepay Ghana Limited. Previously, the Bank of Ghana had fined the company and suspended its forex license for breaching clause 7.3 (a) of the Inward Remittance regulations ⁹.

The revocation means that Zeepay Ghana Limited can no longer operate as a Dedicated Electronic Money Issuer in Ghana ¹⁶. Customers are advised to seek support regarding their funds and services ¹⁰.