The Bank of Ghana (BoG) has intensified efforts to attract both local and international expertise to support the growth of the country’s non-interest banking and finance sector.
Acting Head of Banking Supervision at the BoG, Ismail Adam, who spoke on behalf of the Governor at a stakeholder engagement in Accra, said the central bank recognises the sector’s potential to deepen financial inclusion and diversify Ghana’s financial landscape.
He noted that non-interest banking and finance has become a strategic tool globally for expanding access to finance, particularly among underserved communities and SMEs.
According to him, Ghana stands to benefit significantly if the right expertise and regulatory support are harnessed.
“We are committed to creating an enabling regulatory environment that allows non-interest financial institutions to thrive. This includes building capacity and drawing on both local and foreign expertise to strengthen the sector,” he said.
Mr Adam added that the BoG is working closely with industry players to ensure the continuous development of robust frameworks that support innovation while safeguarding financial stability.
The Director-General of the Securities and Exchange Commission (SEC), James Klutse Avedzi, also underscored the importance of collaboration between regulators and market operators.
He said a well-regulated and well-resourced non-interest financial ecosystem can significantly boost investor confidence and broaden the country’s capital markets.
“We stand ready to collaborate with the central bank to ensure the full roll out of the non-interest banking and finance He stated
The engagement brought together financial institutions, regulators, and stakeholders to assess progress and identify ways to unlock more opportunities within the emerging sector.
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