Financial Institutions Supervision Department

30 Rural Banks Face Collapse Over Mismanagement

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The Bank of Ghana (BoG) is using the ARB Apex Bank to resuscitate some 30 rural and community banks (RCBs) from imminent collapse after their operations and finances were weakened by continuous poor corporate governance, mismanagement and thin capitalisation. As of June, this year, another 14 of the 30 banks classified as “marginal or weak … Read more

Cheap Funds For MFIs In the Offing

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The Financial Inclusion Advocacy Centre, in collaboration with the Ghana Microfinance Institutions Network (GHAMFIN), is set to establish a financial inclusion fund that will provide cheap lending funds to microfinance institutions and rural banks. This is expected to deepen financial inclusion in the country as more businesses can source for loans from these microfinance institutions … Read more