The Second Deputy Governor of the Bank of Ghana, Mrs. Matilda Asante‑Asiedu, has reaffirmed the Bank’s commitment to building a stronger, more resilient, and inclusive financial sector as reforms advance in the Microfinance and Specialised Deposit‑Taking Institutions (SDI) sub‑sectors.
Speaking at the 16th Annual General Meeting of the Ghana Association of Savings and Loans Companies (GHASALC) in Accra, Mrs. Asante‑Asiedu emphasized that the reforms are designed not only to strengthen institutions but also to rebuild public confidence, deepen financial inclusion, and support sustainable economic growth.
“This reform is not merely about introducing stricter regulations. It is about rebuilding public confidence and trust, deepening financial inclusion for the unbanked, MSMEs, women and the youth, strengthening local participation and ownership, and building a financial system capable of sustaining Ghana’s growth for the next generation,” she stated.
She called for continued collaboration between the Bank of Ghana, financial institutions, government agencies, industry associations, development partners, and customers to ensure the reforms deliver a more stable, robust, and trusted financial sector.
The AGM highlighted the role of savings and loans companies in expanding access to finance, particularly for small businesses and underserved communities, and underscored the importance of regulatory reforms in safeguarding the sector’s future.
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