Digital remittance company Africhange has obtained an International Money Transfer Operator (IMTO) licence from the Bank of Ghana, giving the company regulatory approval to provide international money transfer services directly within Ghana.

The licence enables Africhange to operate within Ghana’s formal remittance system without depending exclusively on intermediary partners. The company said the approval supports its broader objective of developing financial infrastructure for Africans who send and receive funds across international borders.

As part of its expansion into Ghana, Africhange can establish remittance services designed around the needs of Ghanaian customers and their connections abroad. Its offering is expected to emphasise competitive exchange rates, transparent pricing, dependable transfers and customer support.

The Ghanaian approval expands the company’s regulatory presence on the continent. In 2025, Africhange’s Nigerian subsidiary, Currenzo, obtained an equivalent licence from the Central Bank of Nigeria to facilitate inbound international remittances. That approval followed tighter regulatory requirements for international money transfer operators in Nigeria.

Ghana represents a significant market for remittance services, with funds sent by citizens and communities in the diaspora providing support to households and businesses. The country maintains strong links with diaspora communities in destinations including the United States, United Kingdom and Europe, contributing to continued demand for cross-border payment services.

Africhange will operate in a Ghanaian remittance sector that includes local financial institutions, mobile money providers and international money transfer companies. The firm says it has a presence in more than 100 countries and has processed millions of transactions since it began operations in 2020.

Africhange founder and chief executive, David Ajala, said the approval forms part of the company’s longer-term strategy to serve customers directly in individual markets while maintaining regulatory compliance.

Ajala said Africhange is focused on making international money transfers simpler, secure and fairly priced for Ghanaians.

The newly obtained licence is currently a regulatory milestone and does not amount to a full operational launch in Ghana. Africhange said it will announce additional details about product availability, supported transfer corridors and how customers can access its services through its official channels.

The development comes as digital remittance services become increasingly formalised across African markets. Fintech companies are pursuing regulatory approvals that enable them to establish direct payment infrastructure and extend their cross-border operations.

Source: TechAfricanews