Microfinance Banks

Key Highlights There is no question that a credible credit reference infrastructure yields tremendous benefits to the economy by reducing moral hazard risk associated with lending. Any system or platform that helps to re-balance information asymmetry between borrowers and lenders means that financial institutions are better able to estimate counterparty default probabilities associated with a […]

The adoption of digital business models, along with digital payments, accelerated significantly during the COVID-19 outbreak in Q1 2020. As of January 2020, the number of active electronic money customers in Ghana was 14,130,350, with total transactions valued at GH¢30.2 billion (data source: Fintech and Innovation Unit, Bank of Ghana). By January 2023, the number

The enactment Non-bank Financial Institution Act, 2008, Act 774 into law, was an auspicious period in Ghana’s economic history, which was characterized by a medley of policy packages leaning towards an expansionary tilt. The Act, providing a clear framework for prudential supervision and market discipline, proved insufficient years later, as it served as a minimum