Bank of Ghana Second Deputy Governor Matilda Asante-Asiedu outlined the next phase of the central bank’s Microfinance and Specialised Deposit-Taking Institutions reform agenda, building on its established strategy to strengthen resilience and financial inclusion. The reforms rest on three pillars: revised capital requirements to improve loss absorption, higher governance and risk management standards for boards and management, and consolidation of the sector into four categories with defined mandates and consistent supervisory expectations. The four categories will be Microfinance Banks, Community Banks, Credit Unions and Last Mile Providers, addressing fragmentation, regulatory arbitrage and uneven supervision. The Bank of Ghana plans to publish an aligned Corporate Governance Directive, Risk Management Guidelines, Business Model Guidelines and handouts for Last Mile Providers for industry comment. Technical teams will also engage with the sector on concerns about implementation timelines, transition arrangements and other aspects of the reforms.
2026-08-28Bank of Ghana
Bank of Ghana outlines microfinance and specialized deposit-taking reforms, including four-category structure and new regulatory standards
The Bank of Ghana outlined reforms for microfinance and specialized deposit-taking institutions covering capital, governance, risk management and sector structure. Institutions will be grouped into four categories, with aligned regulatory materials to be published for industry comment. Implementation timelines and transition arrangements remain under discussion.