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 | 128 mos. |
Ahantaman RB | 23,800 | 9,896,000 | 4 | 51 | 2011-Dec | 110 mos. |
APED | 13,700 | 1,876,000 | 2 | 34 | 2011-Jun | 110 mos. |
ASA Initiative | 4,400 | 577,000 | 4 | 51 | 2011-Dec | 110 mos. |
ASA-Ghana | 71,600 | 18,385,000 | 2 | 43 | 2011-Dec | 110 mos. |
ASPI | 800 | 88,000 | 6 | 26 | 2011-Dec | 110 mos. |
Atwima Kwanwoma | 3,800 | 1,788,000 | 2 | 27 | 2011-Dec | 110 mos. |
Baobab | 5,100 | 967,000 | 2 | 48 | 2011-Dec | 110 mos. |
BestFUND | 13,000 | 4,172,000 | 3 | 49 | 2011-Dec | 110 mos. |
Bonzali Rural | 10,400 | 1,691,000 | 4 | 32 | 2011-Dec | 128 mos. |
CashPhase | 83 | 135,000 | 2 | 38 | 2011-Dec | 110 mos. |
CASUD | 1,100 | 524,000 | 1 | 42 | 2011-Dec | 110 mos. |
CEDEF | 500 | 54,000 | 4 | 99 | 2011-Jul | 110 mos. |
CFF | 100 | 13,000 | 1 | 33 | 2011-Sep | 110 mos. |
CRAN | 3,600 | 1,019,000 | 2 | 37 | 2011-Dec | 110 mos. |
DQF | 1,700 | 63,000 | 2 | 38 | 2011-Dec | 110 mos. |
EASL | 9,200 | 11,409,000 | 6 | 53 | 2013-Jul | 110 mos. |
East Mamprusi | 12,500 | 2,268,000 | 4 | 39 | 2011-Dec | 110 mos. |
ELDA | 0 | 0 | 0 | N/A | 2011-Dec | 110 mos. |
EMPRETEC Ghana | 200 | 56,000 | 2 | 42 | 2011-Dec | 110 mos. |
FASL | 13,500 | 14,047,000 | 8 | 34 | 2013-Jul | 110 mos. |
Grameen Ghana | 9,500 | 507,000 | 3 | 64 | 2011-Dec | 110 mos. |
ID-Ghana | 5,600 | 953,000 | 3 | 52 | 2011-Dec | 110 mos. |
Innovative Finance | 2,700 | 354,000 | 3 | 29 | 2011-Dec | 110 mos. |
Kraban Support | 7,700 | 781,000 | 5 | 48 | 2011-Dec | 128 mos. |
KRB | 4,000 | 6,350,000 | 3 | 35 | 2011-Dec | 110 mos. |
Lower Pra RB | 34,000 | 6,316,000 | 3 | 37 | 2011-Dec | 128 mos. |
Maata-N-Tudu | 12,000 | 941,000 | 4 | 66 | 2011-Dec | 110 mos. |
Mail Finance | 300 | 288,000 | 1 | 23 | 2011-Dec | 110 mos. |
Markaz | 0 | 0 | 0 | N/A | 2011-Dec | 110 mos. |
Markaz Al Bishara | 100 | 17,000 | 1 | 59 | 2011-Dec | 110 mos. |
MicrofinPlus Gh | 1,100 | 251,000 | 2 | 34 | 2011-Dec | 110 mos. |
Nwabiagya RB | 4,000 | 2,265,000 | 3 | 33 | 2011-Dec | 110 mos. |
OISL | 62,000 | 27,232,000 | 9 | 41 | 2011-Dec | 110 mos. |
Pro Credit | 0 | 0 | 0 | N/A | 2011-Dec | 110 mos. |
Rich Step | 100 | 101,000 | 1 | 17 | 2011-Dec | 110 mos. |
SAT | 147,600 | 29,359,000 | 4 | 24 | 2011-Dec | 110 mos. |
Sekam Trust | 600 | 137,000 | 2 | 24 | 2011-Dec | 110 mos. |
Simli Pong | 8,900 | 463,000 | 3 | 47 | 2011-Dec | 128 mos. |
SS Ghana | 200 | 35,000 | 1 | 27 | 2013-May | 110 mos. |
TCCU | 100 | 32,000 | 3 | 30 | 2011-Dec | 110 mos. |
The Bridge | 400 | 32,000 | 3 | 44 | 2011-Dec | 128 mos. |
Union RB | 3,800 | 2,361,000 | 4 | 45 | 2011-Dec | 110 mos. |