The Transparent Pricing Initiative in Ghana has published standardized pricing data from 40 microfinance providers, representing an estimated 76% of the market by number of borrowers and 72% by gross loan portfolio. Launched in 2011 the Initiative is delivered in partnership with Planet Rating and Ghana Microfinance Institutions Network (GHAMFIN), and is funded by the MasterCard Foundation.
Microfinance in GhanaGhana’s microfinance industry was included in the national bank’s regulatory and supervisory framework relatively recently. The Operating Rules and Guidelines for MFIs issued in July 2011 by the Bank of Ghana laid out the fundamental regulatory framework for microfinance institution tiers. Although the guidelines did not incorporate specific provisions addressing consumer protection and responsible finance, the Bank of Ghana houses the Investigation and Consumer Protection Office (ICPO) which works towards promoting consumer protection and educates on consumer rights and responsibilities. The national microfinance network, GHAMFIN, has also become active in the field of consumer protection, and has been working with several initiatives, including SPEED Ghana and MFTransparency to improve consumer protection within the microfinance sector.
Ghana Institutions
Institution | # Borrowers | Portfolio (US$) | Products | Transp. Index | Participating Since | Age of Data |
---|---|---|---|---|---|---|
AGFS | 200 | 47,000 | 2 | 21 | 2011-Dec | 163 mos. |
Ahantaman RB | 23,800 | 9,896,000 | 4 | 51 | 2011-Dec | 145 mos. |
APED | 13,700 | 1,876,000 | 2 | 34 | 2011-Jun | 145 mos. |
ASA Initiative | 4,400 | 577,000 | 4 | 51 | 2011-Dec | 145 mos. |
ASA-Ghana | 71,600 | 18,385,000 | 2 | 43 | 2011-Dec | 145 mos. |
ASPI | 800 | 88,000 | 6 | 26 | 2011-Dec | 145 mos. |
Atwima Kwanwoma | 3,800 | 1,788,000 | 2 | 27 | 2011-Dec | 145 mos. |
Baobab | 5,100 | 967,000 | 2 | 48 | 2011-Dec | 145 mos. |
BestFUND | 13,000 | 4,172,000 | 3 | 49 | 2011-Dec | 145 mos. |
Bonzali Rural | 10,400 | 1,691,000 | 4 | 32 | 2011-Dec | 163 mos. |
CashPhase | 83 | 135,000 | 2 | 38 | 2011-Dec | 145 mos. |
CASUD | 1,100 | 524,000 | 1 | 42 | 2011-Dec | 145 mos. |
CEDEF | 500 | 54,000 | 4 | 99 | 2011-Jul | 145 mos. |
CFF | 100 | 13,000 | 1 | 33 | 2011-Sep | 145 mos. |
CRAN | 3,600 | 1,019,000 | 2 | 37 | 2011-Dec | 145 mos. |
DQF | 1,700 | 63,000 | 2 | 38 | 2011-Dec | 145 mos. |
EASL | 9,200 | 11,409,000 | 6 | 53 | 2013-Jul | 145 mos. |
East Mamprusi | 12,500 | 2,268,000 | 4 | 39 | 2011-Dec | 145 mos. |
ELDA | 0 | 0 | 0 | N/A | 2011-Dec | 145 mos. |
EMPRETEC Ghana | 200 | 56,000 | 2 | 42 | 2011-Dec | 145 mos. |
FASL | 13,500 | 14,047,000 | 8 | 34 | 2013-Jul | 145 mos. |
Grameen Ghana | 9,500 | 507,000 | 3 | 64 | 2011-Dec | 145 mos. |
ID-Ghana | 5,600 | 953,000 | 3 | 52 | 2011-Dec | 145 mos. |
Innovative Finance | 2,700 | 354,000 | 3 | 29 | 2011-Dec | 145 mos. |
Kraban Support | 7,700 | 781,000 | 5 | 48 | 2011-Dec | 163 mos. |
KRB | 4,000 | 6,350,000 | 3 | 35 | 2011-Dec | 145 mos. |
Lower Pra RB | 34,000 | 6,316,000 | 3 | 37 | 2011-Dec | 163 mos. |
Maata-N-Tudu | 12,000 | 941,000 | 4 | 66 | 2011-Dec | 145 mos. |
Mail Finance | 300 | 288,000 | 1 | 23 | 2011-Dec | 145 mos. |
Markaz | 0 | 0 | 0 | N/A | 2011-Dec | 145 mos. |
Markaz Al Bishara | 100 | 17,000 | 1 | 59 | 2011-Dec | 145 mos. |
MicrofinPlus Gh | 1,100 | 251,000 | 2 | 34 | 2011-Dec | 145 mos. |
Nwabiagya RB | 4,000 | 2,265,000 | 3 | 33 | 2011-Dec | 145 mos. |
OISL | 62,000 | 27,232,000 | 9 | 41 | 2011-Dec | 145 mos. |
Pro Credit | 0 | 0 | 0 | N/A | 2011-Dec | 145 mos. |
Rich Step | 100 | 101,000 | 1 | 17 | 2011-Dec | 145 mos. |
SAT | 147,600 | 29,359,000 | 4 | 24 | 2011-Dec | 145 mos. |
Sekam Trust | 600 | 137,000 | 2 | 24 | 2011-Dec | 145 mos. |
Simli Pong | 8,900 | 463,000 | 3 | 47 | 2011-Dec | 163 mos. |
SS Ghana | 200 | 35,000 | 1 | 27 | 2013-May | 145 mos. |
TCCU | 100 | 32,000 | 3 | 30 | 2011-Dec | 145 mos. |
The Bridge | 400 | 32,000 | 3 | 44 | 2011-Dec | 163 mos. |
Union RB | 3,800 | 2,361,000 | 4 | 45 | 2011-Dec | 145 mos. |