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 | 137 mos. |
Ahantaman RB | 23,800 | 9,896,000 | 4 | 51 | 2011-Dec | 119 mos. |
APED | 13,700 | 1,876,000 | 2 | 34 | 2011-Jun | 119 mos. |
ASA Initiative | 4,400 | 577,000 | 4 | 51 | 2011-Dec | 119 mos. |
ASA-Ghana | 71,600 | 18,385,000 | 2 | 43 | 2011-Dec | 119 mos. |
ASPI | 800 | 88,000 | 6 | 26 | 2011-Dec | 119 mos. |
Atwima Kwanwoma | 3,800 | 1,788,000 | 2 | 27 | 2011-Dec | 119 mos. |
Baobab | 5,100 | 967,000 | 2 | 48 | 2011-Dec | 119 mos. |
BestFUND | 13,000 | 4,172,000 | 3 | 49 | 2011-Dec | 119 mos. |
Bonzali Rural | 10,400 | 1,691,000 | 4 | 32 | 2011-Dec | 137 mos. |
CashPhase | 83 | 135,000 | 2 | 38 | 2011-Dec | 119 mos. |
CASUD | 1,100 | 524,000 | 1 | 42 | 2011-Dec | 119 mos. |
CEDEF | 500 | 54,000 | 4 | 99 | 2011-Jul | 119 mos. |
CFF | 100 | 13,000 | 1 | 33 | 2011-Sep | 119 mos. |
CRAN | 3,600 | 1,019,000 | 2 | 37 | 2011-Dec | 119 mos. |
DQF | 1,700 | 63,000 | 2 | 38 | 2011-Dec | 119 mos. |
EASL | 9,200 | 11,409,000 | 6 | 53 | 2013-Jul | 119 mos. |
East Mamprusi | 12,500 | 2,268,000 | 4 | 39 | 2011-Dec | 119 mos. |
ELDA | 0 | 0 | 0 | N/A | 2011-Dec | 119 mos. |
EMPRETEC Ghana | 200 | 56,000 | 2 | 42 | 2011-Dec | 119 mos. |
FASL | 13,500 | 14,047,000 | 8 | 34 | 2013-Jul | 119 mos. |
Grameen Ghana | 9,500 | 507,000 | 3 | 64 | 2011-Dec | 119 mos. |
ID-Ghana | 5,600 | 953,000 | 3 | 52 | 2011-Dec | 119 mos. |
Innovative Finance | 2,700 | 354,000 | 3 | 29 | 2011-Dec | 119 mos. |
Kraban Support | 7,700 | 781,000 | 5 | 48 | 2011-Dec | 137 mos. |
KRB | 4,000 | 6,350,000 | 3 | 35 | 2011-Dec | 119 mos. |
Lower Pra RB | 34,000 | 6,316,000 | 3 | 37 | 2011-Dec | 137 mos. |
Maata-N-Tudu | 12,000 | 941,000 | 4 | 66 | 2011-Dec | 119 mos. |
Mail Finance | 300 | 288,000 | 1 | 23 | 2011-Dec | 119 mos. |
Markaz | 0 | 0 | 0 | N/A | 2011-Dec | 119 mos. |
Markaz Al Bishara | 100 | 17,000 | 1 | 59 | 2011-Dec | 119 mos. |
MicrofinPlus Gh | 1,100 | 251,000 | 2 | 34 | 2011-Dec | 119 mos. |
Nwabiagya RB | 4,000 | 2,265,000 | 3 | 33 | 2011-Dec | 119 mos. |
OISL | 62,000 | 27,232,000 | 9 | 41 | 2011-Dec | 119 mos. |
Pro Credit | 0 | 0 | 0 | N/A | 2011-Dec | 119 mos. |
Rich Step | 100 | 101,000 | 1 | 17 | 2011-Dec | 119 mos. |
SAT | 147,600 | 29,359,000 | 4 | 24 | 2011-Dec | 119 mos. |
Sekam Trust | 600 | 137,000 | 2 | 24 | 2011-Dec | 119 mos. |
Simli Pong | 8,900 | 463,000 | 3 | 47 | 2011-Dec | 137 mos. |
SS Ghana | 200 | 35,000 | 1 | 27 | 2013-May | 119 mos. |
TCCU | 100 | 32,000 | 3 | 30 | 2011-Dec | 119 mos. |
The Bridge | 400 | 32,000 | 3 | 44 | 2011-Dec | 137 mos. |
Union RB | 3,800 | 2,361,000 | 4 | 45 | 2011-Dec | 119 mos. |