Ghana - Rural Financial Services Project

The present intervention concerns the Rural Financial Services Project. It’s the result of the Government of Ghana’s (GoG) effort to tackle the lack of financial services in the rural areas which has been a major constraint to increased and sustained development of the rural areas. Indeed, the GoG recognised that developing the rural financial institutions, and harnessing the resources available in the rural areas would provide the much needed impetus for the attainment of its developmental goals for accelerated growth. Expected outcomes of the project are: i) Reduction in rural population below poverty line; ii) Increase in rural HH incomes; and iii) Increase in rural employment. This project comprises four (4) components, namely: I) Capacity Building of Informal Financial Sector; ii) Institutional Support to Rural and Community Banks; iii) Institution Building to the Apex, and iv) Institutional Support to Bank of Ghana (BOG)/MOF.