The Bank of Ghana says it is pressing ahead with reforms aimed at making Ghana’s financial sector stronger, more resilient and more accessible, while restoring public confidence in financial institutions.
Second Deputy Governor of the Bank of Ghana, Mrs Matilda Asante-Asiedu, said the reforms in the Microfinance and Specialised Deposit-Taking Institutions sectors were not simply about imposing tighter rules on financial institutions.
She said the wider goal was to create a financial system that people could trust and that could support Ghana’s economic growth over the long term.
Speaking at the 16th Annual General Meeting of the Ghana Association of Savings and Loans Companies in Accra on 27th August 2026, Mrs Asante-Asiedu said the reforms would focus on strengthening institutions while expanding access to financial services.
“This reform is not merely about introducing stricter regulations. It is about rebuilding public confidence and trust, deepening financial inclusion for the unbanked, MSMEs, women and the youth, strengthening local participation and ownership, and building a financial system capable of sustaining Ghana’s growth for the next generation,” she said.
Her comments come as the Bank of Ghana continues efforts to strengthen the microfinance and specialised deposit-taking sectors, which play an important role in providing financial services to individuals and businesses that may have limited access to traditional banking.
Mrs Asante-Asiedu said the success of the reforms would depend on cooperation across the financial sector.
She called for closer collaboration among the Bank of Ghana, financial institutions, government agencies, industry associations, development partners and customers to ensure that the changes lead to a more stable and trusted financial system.
The Deputy Governor said the reforms should ultimately help create a financial sector that is better equipped to serve the needs of Ghanaians while supporting sustainable economic growth.
She also stressed the importance of ensuring that the benefits of financial services reach groups that are often underserved, including small and medium-sized businesses, women, young people and those who remain outside the formal banking system.
