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REPUBLIC OF GHANA National Financial Inclusion and ...

REPUBLIC OF GHANA . National Financial Inclusion and Development Strategy (NFIDS). 2018 2023. Photo Credits: REPUBLIC OF GHANA : National Financial Inclusion AND DEVELOPMENT STRATEGY (NFIDS). Table of Conents Abbreviations and Acronyms III. Foreword V. Preface VII. Executive Summary IX. Introduction 1. Vision for the NFIDS 2. Definition of Financial Inclusion 2. Assessment of the Current State of Affairs 3. Financial Sector Overview 3. Banks 3. Nonbank Financial Institutions 6. Insurance, Pensions, and Capital Markets 8. Financial Inclusion 9. Access to Formal Financial Services 9. Regional and Demographic Breakdown 12. Strategy Objectives 17. Rationale and Priority Policy Areas 18. Objectives and Targets 18. Pillar I: Financial Stability 21. Strengthen the Regulation and Supervision of Banks and Specialized Deposit-taking Institutions and Other Financial Institutions 21.

II REPUBLIC OF GHANA: NATIONAL FINANCIAL INCLUSION AND DEVELOPMENT STRATEGY (NFIDS) Pillar II: Access, Quality, and Usage of Financial Services 31 Increase the Proximity of Financial Access Points 31 Expand Digital Financial Services (Including E-money) 33 Promote Diverse and Low-cost Products and Services for Consumers 34

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