GHANA

LACOSREP II

NORPREP

REP II

RFSP

RTIP

UWADP

I – ADDRESS

Bank of Ghana P.O. Box 2674 Accra, Ghana
Tel : +233 21 66 56 67 ; Fax +233 21 66 08 65
Email : dasaremintah@bog.gov.gh

II – TECHNICAL SPECIFICATIONS

III – OBJECTIVES

The proposed rural financial services project supports the Government’s efforts to deepen and broaden rural financial services as part of its strategy of accelerated growth and economic development, particularly in rural areas and to encourage the development of an appropriate policy and institutional framework for increasing access of rural poor communities to financial resources

To achieve the objectives, the project will:

(i) support the development, training and empowerment of informal financial institutions and rural groups to deepen outreach and expand services to a large number of rural clients, including women, many of whom are among the poorest;

(ii) strengthen the overall capacity of rural banks for effective intermediation through technology enhancements, human resource development, and the development and testing of innovative instruments best suited to the changing financial needs of rural dwellers;

(iii) support the development of an apex institution, which will enable rural banks to address generic technical and institutional constraints on their full potential and impact on rural economic development;

(iv) strengthen intramural bank linkages for more efficient information transmission, knowledge sharing and cost-effective provision of services; and

(v) enhance the Bank of Ghanas supervision of rural banks. While the project will be national in scope, interventions will be concentrated in rural areas, which account for more than 70% of national poverty

IV– INTERVENTION AREAS

The project will be national in scope but focused on specific strata of the rural financial sector. Special efforts will be made to support informal financial-sector institutions operating in resource-deficit communities and districts.