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 | 154 mos. |
Ahantaman RB | 23,800 | 9,896,000 | 4 | 51 | 2011-Dec | 136 mos. |
APED | 13,700 | 1,876,000 | 2 | 34 | 2011-Jun | 136 mos. |
ASA Initiative | 4,400 | 577,000 | 4 | 51 | 2011-Dec | 136 mos. |
ASA-Ghana | 71,600 | 18,385,000 | 2 | 43 | 2011-Dec | 136 mos. |
ASPI | 800 | 88,000 | 6 | 26 | 2011-Dec | 136 mos. |
Atwima Kwanwoma | 3,800 | 1,788,000 | 2 | 27 | 2011-Dec | 136 mos. |
Baobab | 5,100 | 967,000 | 2 | 48 | 2011-Dec | 136 mos. |
BestFUND | 13,000 | 4,172,000 | 3 | 49 | 2011-Dec | 136 mos. |
Bonzali Rural | 10,400 | 1,691,000 | 4 | 32 | 2011-Dec | 154 mos. |
CashPhase | 83 | 135,000 | 2 | 38 | 2011-Dec | 136 mos. |
CASUD | 1,100 | 524,000 | 1 | 42 | 2011-Dec | 136 mos. |
CEDEF | 500 | 54,000 | 4 | 99 | 2011-Jul | 136 mos. |
CFF | 100 | 13,000 | 1 | 33 | 2011-Sep | 136 mos. |
CRAN | 3,600 | 1,019,000 | 2 | 37 | 2011-Dec | 136 mos. |
DQF | 1,700 | 63,000 | 2 | 38 | 2011-Dec | 136 mos. |
EASL | 9,200 | 11,409,000 | 6 | 53 | 2013-Jul | 136 mos. |
East Mamprusi | 12,500 | 2,268,000 | 4 | 39 | 2011-Dec | 136 mos. |
ELDA | 0 | 0 | 0 | N/A | 2011-Dec | 136 mos. |
EMPRETEC Ghana | 200 | 56,000 | 2 | 42 | 2011-Dec | 136 mos. |
FASL | 13,500 | 14,047,000 | 8 | 34 | 2013-Jul | 136 mos. |
Grameen Ghana | 9,500 | 507,000 | 3 | 64 | 2011-Dec | 136 mos. |
ID-Ghana | 5,600 | 953,000 | 3 | 52 | 2011-Dec | 136 mos. |
Innovative Finance | 2,700 | 354,000 | 3 | 29 | 2011-Dec | 136 mos. |
Kraban Support | 7,700 | 781,000 | 5 | 48 | 2011-Dec | 154 mos. |
KRB | 4,000 | 6,350,000 | 3 | 35 | 2011-Dec | 136 mos. |
Lower Pra RB | 34,000 | 6,316,000 | 3 | 37 | 2011-Dec | 154 mos. |
Maata-N-Tudu | 12,000 | 941,000 | 4 | 66 | 2011-Dec | 136 mos. |
Mail Finance | 300 | 288,000 | 1 | 23 | 2011-Dec | 136 mos. |
Markaz | 0 | 0 | 0 | N/A | 2011-Dec | 136 mos. |
Markaz Al Bishara | 100 | 17,000 | 1 | 59 | 2011-Dec | 136 mos. |
MicrofinPlus Gh | 1,100 | 251,000 | 2 | 34 | 2011-Dec | 136 mos. |
Nwabiagya RB | 4,000 | 2,265,000 | 3 | 33 | 2011-Dec | 136 mos. |
OISL | 62,000 | 27,232,000 | 9 | 41 | 2011-Dec | 136 mos. |
Pro Credit | 0 | 0 | 0 | N/A | 2011-Dec | 136 mos. |
Rich Step | 100 | 101,000 | 1 | 17 | 2011-Dec | 136 mos. |
SAT | 147,600 | 29,359,000 | 4 | 24 | 2011-Dec | 136 mos. |
Sekam Trust | 600 | 137,000 | 2 | 24 | 2011-Dec | 136 mos. |
Simli Pong | 8,900 | 463,000 | 3 | 47 | 2011-Dec | 154 mos. |
SS Ghana | 200 | 35,000 | 1 | 27 | 2013-May | 136 mos. |
TCCU | 100 | 32,000 | 3 | 30 | 2011-Dec | 136 mos. |
The Bridge | 400 | 32,000 | 3 | 44 | 2011-Dec | 154 mos. |
Union RB | 3,800 | 2,361,000 | 4 | 45 | 2011-Dec | 136 mos. |