{"id":114587,"date":"2026-02-08T20:03:24","date_gmt":"2026-02-08T20:03:24","guid":{"rendered":"https:\/\/sotnews.agency\/?p=114587"},"modified":"2026-02-08T20:03:24","modified_gmt":"2026-02-08T20:03:24","slug":"share-of-microfinance-sector-to-overall-banking-sector-declined-to-8-0-bog","status":"publish","type":"post","link":"https:\/\/sotnews.agency\/?p=114587","title":{"rendered":"Share of microfinance sector to overall banking sector declined to 8.0% \u2013 BoG"},"content":{"rendered":"
\n
\n \t<\/i> Read Time:<\/span>57 Second <\/div>\n\n <\/div>
\n

The share of the microfinance sector to the overall banking sector declined from about 15% to 8.0% between 2017 and 2024.<\/p>\n

According to the Bank of Ghana, this decline is not merely a financial outcome, but it reflects a reduced contribution to financial inclusion and development, as well as an erosion of confidence in the sector.<\/p>\n

It added that the sector is plagued by persistent fragmentation, weak capital bases, governance deficiencies, operational inefficiencies, high and often indiscriminate interest rates, and widespread mission drift.<\/p>\n

\u201cThese weaknesses are particularly concerning given the deposit-taking nature of the business\u201d, the Central Bank alluded.<\/p>\n

It, therefore, stated that the time is ripe for proactive and deliberate measures to change course and reverse these trends.<\/p>\n

As part of reforming the microfinance sector, the Bank of Ghana recently announced new sets of minimum capital requirements for microfinance institutions.<\/p>\n

This was contained in a new set of guidelines for the sector, expected to take off from today, 29th<\/sup>\u00a0January, 2026.<\/p>\n

According to the new guidelines, microfinance institutions, community banks and credit unions will have to increase their capital to GH\u00a250 million by the end of this year.<\/p>\n<\/div>\n

\n
\n \n
\n \n \"Happy\"\n <\/a>\n
\n Happy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sad\"\n <\/a>\n
\n Sad <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Excited\"\n <\/a>\n
\n Excited <\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Sleepy\"\n <\/a>\n
\n Sleepy <\/div>\n
\n 0<\/span>\n \n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n
\n \n \"Angry\"\n <\/a>\n
Angry<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n \n <\/div>\n <\/div>\n\n
\n \n \"Surprise\"\n <\/a>\n
Surprise<\/div>\n
\n 0<\/span>\n 0<\/span> %<\/span>\n <\/div>\n <\/div>\n\n <\/div>\n <\/div>\n\n ","protected":false},"excerpt":{"rendered":"
The share of the microfinance sector to the overall banking sector declined from about 15% to 8.0% between 2017 and 2024. According to the Bank of Ghana, this decline is not merely a financial outcome, but it reflects a reduced contribution to financial inclusion and development, as well as an erosion of confidence in the [\u2026]<\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_2277560469115098_106292521332774":"","twitter_aToxNzczMzI3Njk4OTg4ODUxMjAxOw==_1773327698988851200":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1904,12,10,9],"tags":[],"class_list":["post-114587","post","type-post","status-publish","format-standard","hentry","category-banking-and-finance","category-business","category-politics","category-popular"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/114587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=114587"}],"version-history":[{"count":0,"href":"https:\/\/sotnews.agency\/index.php?rest_route=\/wp\/v2\/posts\/114587\/revisions"}],"wp:attachment":[{"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=114587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=114587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sotnews.agency\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=114587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}