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 | 129 mos. |
Ahantaman RB | 23,800 | 9,896,000 | 4 | 51 | 2011-Dec | 111 mos. |
APED | 13,700 | 1,876,000 | 2 | 34 | 2011-Jun | 111 mos. |
ASA Initiative | 4,400 | 577,000 | 4 | 51 | 2011-Dec | 111 mos. |
ASA-Ghana | 71,600 | 18,385,000 | 2 | 43 | 2011-Dec | 111 mos. |
ASPI | 800 | 88,000 | 6 | 26 | 2011-Dec | 111 mos. |
Atwima Kwanwoma | 3,800 | 1,788,000 | 2 | 27 | 2011-Dec | 111 mos. |
Baobab | 5,100 | 967,000 | 2 | 48 | 2011-Dec | 111 mos. |
BestFUND | 13,000 | 4,172,000 | 3 | 49 | 2011-Dec | 111 mos. |
Bonzali Rural | 10,400 | 1,691,000 | 4 | 32 | 2011-Dec | 129 mos. |
CashPhase | 83 | 135,000 | 2 | 38 | 2011-Dec | 111 mos. |
CASUD | 1,100 | 524,000 | 1 | 42 | 2011-Dec | 111 mos. |
CEDEF | 500 | 54,000 | 4 | 99 | 2011-Jul | 111 mos. |
CFF | 100 | 13,000 | 1 | 33 | 2011-Sep | 111 mos. |
CRAN | 3,600 | 1,019,000 | 2 | 37 | 2011-Dec | 111 mos. |
DQF | 1,700 | 63,000 | 2 | 38 | 2011-Dec | 111 mos. |
EASL | 9,200 | 11,409,000 | 6 | 53 | 2013-Jul | 111 mos. |
East Mamprusi | 12,500 | 2,268,000 | 4 | 39 | 2011-Dec | 111 mos. |
ELDA | 0 | 0 | 0 | N/A | 2011-Dec | 111 mos. |
EMPRETEC Ghana | 200 | 56,000 | 2 | 42 | 2011-Dec | 111 mos. |
FASL | 13,500 | 14,047,000 | 8 | 34 | 2013-Jul | 111 mos. |
Grameen Ghana | 9,500 | 507,000 | 3 | 64 | 2011-Dec | 111 mos. |
ID-Ghana | 5,600 | 953,000 | 3 | 52 | 2011-Dec | 111 mos. |
Innovative Finance | 2,700 | 354,000 | 3 | 29 | 2011-Dec | 111 mos. |
Kraban Support | 7,700 | 781,000 | 5 | 48 | 2011-Dec | 129 mos. |
KRB | 4,000 | 6,350,000 | 3 | 35 | 2011-Dec | 111 mos. |
Lower Pra RB | 34,000 | 6,316,000 | 3 | 37 | 2011-Dec | 129 mos. |
Maata-N-Tudu | 12,000 | 941,000 | 4 | 66 | 2011-Dec | 111 mos. |
Mail Finance | 300 | 288,000 | 1 | 23 | 2011-Dec | 111 mos. |
Markaz | 0 | 0 | 0 | N/A | 2011-Dec | 111 mos. |
Markaz Al Bishara | 100 | 17,000 | 1 | 59 | 2011-Dec | 111 mos. |
MicrofinPlus Gh | 1,100 | 251,000 | 2 | 34 | 2011-Dec | 111 mos. |
Nwabiagya RB | 4,000 | 2,265,000 | 3 | 33 | 2011-Dec | 111 mos. |
OISL | 62,000 | 27,232,000 | 9 | 41 | 2011-Dec | 111 mos. |
Pro Credit | 0 | 0 | 0 | N/A | 2011-Dec | 111 mos. |
Rich Step | 100 | 101,000 | 1 | 17 | 2011-Dec | 111 mos. |
SAT | 147,600 | 29,359,000 | 4 | 24 | 2011-Dec | 111 mos. |
Sekam Trust | 600 | 137,000 | 2 | 24 | 2011-Dec | 111 mos. |
Simli Pong | 8,900 | 463,000 | 3 | 47 | 2011-Dec | 129 mos. |
SS Ghana | 200 | 35,000 | 1 | 27 | 2013-May | 111 mos. |
TCCU | 100 | 32,000 | 3 | 30 | 2011-Dec | 111 mos. |
The Bridge | 400 | 32,000 | 3 | 44 | 2011-Dec | 129 mos. |
Union RB | 3,800 | 2,361,000 | 4 | 45 | 2011-Dec | 111 mos. |