Ghana’s Ministry of Finance has begun developing the National Financial Inclusion and Development Strategy (NFIDS) for 2027–2031, placing financial health at its center rather than focusing on access to financial services alone. Deputy Minister for Finance Thomas Nyarko Ampem outlined the priorities at the joint inauguration of the strategy’s development process, emphasizing that financial products should help households and businesses improve their financial well-being. More than eight in 10 Ghanaian adults own a financial account, according to the World Bank’s Global Findex 2025, but the 2021 FinScope Survey found that only 22% were financially healthy. The strategy will promote affordable and responsible financial services, digital innovation, consumer protection, and financial literacy and resilience. Women and young people will receive particular attention. Farmers, informal sector workers and small businesses will also be priorities because of difficulties accessing appropriate financial products and services. The government intends to establish a Financial Inclusion Council to strengthen coordination and accountability in implementing the strategy. A Financial Health Framework will assess whether households can meet everyday obligations, withstand unexpected shocks, and save and invest for the future. A National Technical Committee comprising the ministry, financial sector regulators and other stakeholders is developing the strategy, with its official launch expected in the first half of 2027.
Ghana’s Ministry of Finance begins developing 2027–2031 financial inclusion strategy centered on financial health
Ghana’s Ministry of Finance has begun developing its 2027–2031 financial inclusion strategy, shifting the focus from account ownership alone to financial health. At the development process inauguration, Deputy Minister for Finance Thomas Nyarko Ampem outlined priorities including affordable services, digital innovation, consumer protection and financial literacy. Plans include a Financial Inclusion Council and a framework to assess households’ financial health, with the strategy’s official launch expected in the first half of 2027.