A delegation from Malawi has praised Ghana’s progress in strengthening deposit insurance and maintaining financial sector stability during a study visit to the Ghana Deposit Protection Corporation in Accra.
The five member delegation, led by Malawi’s Secretary to the Treasury, Dr Cliff Kenneth Chiunda, visited Ghana to study best practices in deposit insurance operations, financial stability systems and institutional coordination.
The visit forms part of Malawi’s efforts to strengthen its own deposit insurance framework and improve cooperation among financial sector regulators.
The delegation included senior officials from the Reserve Bank of Malawi and the Deposit Insurance Corporation of Malawi. Discussions with Ghanaian officials focused on bank resolution measures, risk monitoring and policy coordination.
Dr Chiunda commended Ghana for building a strong deposit protection system, describing the country’s experience as an important reference point for Malawi’s ongoing reforms.
He also expressed appreciation for the opportunity to engage with Ghanaian institutions, saying the lessons learned would help strengthen Malawi’s financial safety net and institutional framework.
Ghana’s Deputy Finance Minister, Thomas Nyarko Ampem, said the Ghana Deposit Protection Corporation plays an important role in protecting depositors and sustaining confidence in the banking sector.
He said the government remained committed to strengthening financial stability through close collaboration between key institutions, including the Bank of Ghana.
Officials from the Ministry of Finance also highlighted ongoing cooperation with the Ghana Deposit Protection Corporation and the Bank of Ghana to monitor risks and vulnerabilities in the financial sector and support early policy action.
The ministry further outlined measures aimed at improving market efficiency and supporting legislative reforms, including the recently passed Ghana Deposit Protection Corporation Amendment Act 2026, also known as Act 1167.
The visit also provided an opportunity for Ghana and Malawi to strengthen bilateral cooperation and exchange ideas on financial sector stability and deposit protection.
Story By Martha Seyram Jackson || Metro Digital
