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 | 151 mos. |
Ahantaman RB | 23,800 | 9,896,000 | 4 | 51 | 2011-Dec | 133 mos. |
APED | 13,700 | 1,876,000 | 2 | 34 | 2011-Jun | 133 mos. |
ASA Initiative | 4,400 | 577,000 | 4 | 51 | 2011-Dec | 133 mos. |
ASA-Ghana | 71,600 | 18,385,000 | 2 | 43 | 2011-Dec | 133 mos. |
ASPI | 800 | 88,000 | 6 | 26 | 2011-Dec | 133 mos. |
Atwima Kwanwoma | 3,800 | 1,788,000 | 2 | 27 | 2011-Dec | 133 mos. |
Baobab | 5,100 | 967,000 | 2 | 48 | 2011-Dec | 133 mos. |
BestFUND | 13,000 | 4,172,000 | 3 | 49 | 2011-Dec | 133 mos. |
Bonzali Rural | 10,400 | 1,691,000 | 4 | 32 | 2011-Dec | 151 mos. |
CashPhase | 83 | 135,000 | 2 | 38 | 2011-Dec | 133 mos. |
CASUD | 1,100 | 524,000 | 1 | 42 | 2011-Dec | 133 mos. |
CEDEF | 500 | 54,000 | 4 | 99 | 2011-Jul | 133 mos. |
CFF | 100 | 13,000 | 1 | 33 | 2011-Sep | 133 mos. |
CRAN | 3,600 | 1,019,000 | 2 | 37 | 2011-Dec | 133 mos. |
DQF | 1,700 | 63,000 | 2 | 38 | 2011-Dec | 133 mos. |
EASL | 9,200 | 11,409,000 | 6 | 53 | 2013-Jul | 133 mos. |
East Mamprusi | 12,500 | 2,268,000 | 4 | 39 | 2011-Dec | 133 mos. |
ELDA | 0 | 0 | 0 | N/A | 2011-Dec | 133 mos. |
EMPRETEC Ghana | 200 | 56,000 | 2 | 42 | 2011-Dec | 133 mos. |
FASL | 13,500 | 14,047,000 | 8 | 34 | 2013-Jul | 133 mos. |
Grameen Ghana | 9,500 | 507,000 | 3 | 64 | 2011-Dec | 133 mos. |
ID-Ghana | 5,600 | 953,000 | 3 | 52 | 2011-Dec | 133 mos. |
Innovative Finance | 2,700 | 354,000 | 3 | 29 | 2011-Dec | 133 mos. |
Kraban Support | 7,700 | 781,000 | 5 | 48 | 2011-Dec | 151 mos. |
KRB | 4,000 | 6,350,000 | 3 | 35 | 2011-Dec | 133 mos. |
Lower Pra RB | 34,000 | 6,316,000 | 3 | 37 | 2011-Dec | 151 mos. |
Maata-N-Tudu | 12,000 | 941,000 | 4 | 66 | 2011-Dec | 133 mos. |
Mail Finance | 300 | 288,000 | 1 | 23 | 2011-Dec | 133 mos. |
Markaz | 0 | 0 | 0 | N/A | 2011-Dec | 133 mos. |
Markaz Al Bishara | 100 | 17,000 | 1 | 59 | 2011-Dec | 133 mos. |
MicrofinPlus Gh | 1,100 | 251,000 | 2 | 34 | 2011-Dec | 133 mos. |
Nwabiagya RB | 4,000 | 2,265,000 | 3 | 33 | 2011-Dec | 133 mos. |
OISL | 62,000 | 27,232,000 | 9 | 41 | 2011-Dec | 133 mos. |
Pro Credit | 0 | 0 | 0 | N/A | 2011-Dec | 133 mos. |
Rich Step | 100 | 101,000 | 1 | 17 | 2011-Dec | 133 mos. |
SAT | 147,600 | 29,359,000 | 4 | 24 | 2011-Dec | 133 mos. |
Sekam Trust | 600 | 137,000 | 2 | 24 | 2011-Dec | 133 mos. |
Simli Pong | 8,900 | 463,000 | 3 | 47 | 2011-Dec | 151 mos. |
SS Ghana | 200 | 35,000 | 1 | 27 | 2013-May | 133 mos. |
TCCU | 100 | 32,000 | 3 | 30 | 2011-Dec | 133 mos. |
The Bridge | 400 | 32,000 | 3 | 44 | 2011-Dec | 151 mos. |
Union RB | 3,800 | 2,361,000 | 4 | 45 | 2011-Dec | 133 mos. |