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 | 127 mos. |
Ahantaman RB | 23,800 | 9,896,000 | 4 | 51 | 2011-Dec | 109 mos. |
APED | 13,700 | 1,876,000 | 2 | 34 | 2011-Jun | 109 mos. |
ASA Initiative | 4,400 | 577,000 | 4 | 51 | 2011-Dec | 109 mos. |
ASA-Ghana | 71,600 | 18,385,000 | 2 | 43 | 2011-Dec | 109 mos. |
ASPI | 800 | 88,000 | 6 | 26 | 2011-Dec | 109 mos. |
Atwima Kwanwoma | 3,800 | 1,788,000 | 2 | 27 | 2011-Dec | 109 mos. |
Baobab | 5,100 | 967,000 | 2 | 48 | 2011-Dec | 109 mos. |
BestFUND | 13,000 | 4,172,000 | 3 | 49 | 2011-Dec | 109 mos. |
Bonzali Rural | 10,400 | 1,691,000 | 4 | 32 | 2011-Dec | 127 mos. |
CashPhase | 83 | 135,000 | 2 | 38 | 2011-Dec | 109 mos. |
CASUD | 1,100 | 524,000 | 1 | 42 | 2011-Dec | 109 mos. |
CEDEF | 500 | 54,000 | 4 | 99 | 2011-Jul | 109 mos. |
CFF | 100 | 13,000 | 1 | 33 | 2011-Sep | 109 mos. |
CRAN | 3,600 | 1,019,000 | 2 | 37 | 2011-Dec | 109 mos. |
DQF | 1,700 | 63,000 | 2 | 38 | 2011-Dec | 109 mos. |
EASL | 9,200 | 11,409,000 | 6 | 53 | 2013-Jul | 109 mos. |
East Mamprusi | 12,500 | 2,268,000 | 4 | 39 | 2011-Dec | 109 mos. |
ELDA | 0 | 0 | 0 | N/A | 2011-Dec | 109 mos. |
EMPRETEC Ghana | 200 | 56,000 | 2 | 42 | 2011-Dec | 109 mos. |
FASL | 13,500 | 14,047,000 | 8 | 34 | 2013-Jul | 109 mos. |
Grameen Ghana | 9,500 | 507,000 | 3 | 64 | 2011-Dec | 109 mos. |
ID-Ghana | 5,600 | 953,000 | 3 | 52 | 2011-Dec | 109 mos. |
Innovative Finance | 2,700 | 354,000 | 3 | 29 | 2011-Dec | 109 mos. |
Kraban Support | 7,700 | 781,000 | 5 | 48 | 2011-Dec | 127 mos. |
KRB | 4,000 | 6,350,000 | 3 | 35 | 2011-Dec | 109 mos. |
Lower Pra RB | 34,000 | 6,316,000 | 3 | 37 | 2011-Dec | 127 mos. |
Maata-N-Tudu | 12,000 | 941,000 | 4 | 66 | 2011-Dec | 109 mos. |
Mail Finance | 300 | 288,000 | 1 | 23 | 2011-Dec | 109 mos. |
Markaz | 0 | 0 | 0 | N/A | 2011-Dec | 109 mos. |
Markaz Al Bishara | 100 | 17,000 | 1 | 59 | 2011-Dec | 109 mos. |
MicrofinPlus Gh | 1,100 | 251,000 | 2 | 34 | 2011-Dec | 109 mos. |
Nwabiagya RB | 4,000 | 2,265,000 | 3 | 33 | 2011-Dec | 109 mos. |
OISL | 62,000 | 27,232,000 | 9 | 41 | 2011-Dec | 109 mos. |
Pro Credit | 0 | 0 | 0 | N/A | 2011-Dec | 109 mos. |
Rich Step | 100 | 101,000 | 1 | 17 | 2011-Dec | 109 mos. |
SAT | 147,600 | 29,359,000 | 4 | 24 | 2011-Dec | 109 mos. |
Sekam Trust | 600 | 137,000 | 2 | 24 | 2011-Dec | 109 mos. |
Simli Pong | 8,900 | 463,000 | 3 | 47 | 2011-Dec | 127 mos. |
SS Ghana | 200 | 35,000 | 1 | 27 | 2013-May | 109 mos. |
TCCU | 100 | 32,000 | 3 | 30 | 2011-Dec | 109 mos. |
The Bridge | 400 | 32,000 | 3 | 44 | 2011-Dec | 127 mos. |
Union RB | 3,800 | 2,361,000 | 4 | 45 | 2011-Dec | 109 mos. |