The Bank of Ghana (BoG) has reaffirmed its commitment to building a resilient, inclusive and trusted financial sector through ongoing reforms in the microfinance and specialised deposit-taking institutions sector.
Second Deputy Governor of the BoG, Matilda Asante-Asiedu, said the reforms were focused on strengthening capital, governance and risk management while expanding financial inclusion for micro, small and medium-sized enterprises (MSMEs), women, youth and underserved communities.
She made the remarks at the 16th Annual General Meeting of the Ghana Association of Savings and Loans Companies (GHASALC), where she underscored the importance of collaboration in creating a stronger financial future.
According to Ms Asante-Asiedu, the sustainability of the financial sector would depend on greater collaboration, transparency and professionalism among stakeholders.
She said a shared commitment to sustainable growth was also necessary to strengthen confidence and resilience within the sector.
“The ongoing reforms of the microfinance and specialised deposit-taking institutions sector are aimed at strengthening capital, governance and risk management while deepening financial inclusion for MSMEs, women, youth and underserved communities,” she said.
Ms Asante-Asiedu said the Bank of Ghana was pleased to partner GHASALC and other associations as part of efforts to advance the reforms.
She stressed that continued cooperation among stakeholders would be central to building a financial sector capable of supporting broader financial inclusion while maintaining resilience and public trust.
