Zeepay regulatory crisis prompts debate on fintech board governance failures in Ghana

A LinkedIn post by technology executive Ethel Cofie analyzes the governance breakdown at Ghanaian fintech Zeepay following recent regulatory actions by the Bank of Ghana, highlighting two structural failures: executive management concealing regulatory correspondence from the board, or the board lacking independence and leverage to enforce compliance. Commenters including former board members note that regulatory correspondence is typically routed through management before reaching the board chair, and that internal audit and compliance functions lack sufficient independence in many Ghanaian regulated entities.