Omanghana
More than 80% of adults in Ghana own a financial account, according to the World Bank’s Global Findex 2025 data, reflecting the growth of formal banking and digital financial services.
However, an earlier assessment found that many Ghanaians faced difficulties managing their finances. The 2021 FinScope survey classified 22% of adults as financially healthy, highlighting challenges with meeting everyday expenses, handling unexpected costs and building savings.
The figures come from surveys conducted in different years and therefore do not measure account ownership and financial health over the same period.
Deputy Finance Minister Thomas Ampem Nyarko says the government is seeking to move beyond expanding access to accounts and focus on how financial services can improve people’s lives.
New Strategy for 2027–2031
As part of that effort, the Ministry of Finance inaugurated a technical working committee on November 5, 2026, to draft the National Financial Inclusion and Development Strategy for 2027–2031.
The strategy is scheduled to be launched in the first half of 2027. It is expected to place greater emphasis on financial resilience and household wellbeing alongside access to financial services.
The proposed approach includes monitoring indicators such as savings, debt levels and household economic security, rather than relying only on the number of accounts opened or transactions completed.
Insurance, Savings and Consumer Protection
The strategy is also expected to promote affordable insurance and micro-pension products designed for groups including informal-sector workers, farmers, women and young people.
Other proposals include working with financial institutions to develop automatic savings tools and digital credit frameworks. The ideas reflect recommendations from international financial inclusion advocates, including Queen Máxima of the Netherlands.
The Ministry of Finance, the Bank of Ghana and the Securities and Exchange Commission are also expected to strengthen coordination on consumer protection and data sharing across the financial sector.
Source: Omanghana
