Malawian Lauds Ghana on Deposit Insurance Strengthening Efforts
Malawi has commended Ghana for its progress in strengthening deposit insurance and financial sector stability during a study visit to the Ghana Deposit Protection Corporation (GDPC) in Accra.
The five-member delegation, led by Dr Cliff Kenneth Chiunda, Secretary to the Treasury of Malawi, is in Ghana to study best practices in deposit insurance operations, financial stability frameworks, and institutional coordination mechanisms.
The visit aims to support Malawi’s ongoing efforts to enhance its own deposit insurance scheme and improve coordination among financial sector regulators.
Members of the delegation included senior officials from the Reserve Bank of Malawi and the Deposit Insurance Corporation of Malawi, who engaged Ghanaian counterparts on issues relating to bank resolution, risk monitoring, and policy coordination.
Dr Chiunda commended Ghana for the significant strides made in developing a robust deposit protection system, noting that the Ghanaian experience offers valuable lessons for Malawi’s reform process.
He expressed appreciation for the opportunity to engage with Ghanaian institutions and indicated that the insights gained would contribute to strengthening Malawi’s financial safety net and institutional framework.
Welcoming the delegation, the Deputy Minister for Finance, Thomas Nyarko Ampem, emphasised the critical role of the Ghana Deposit Protection Corporation in safeguarding depositors and maintaining confidence in the banking system.
He noted that the Government of Ghana remains committed to strengthening financial stability through effective collaboration among key institutions, including the Bank of Ghana.
During the engagement, officials of the Ministry of Finance highlighted the Ministry’s collaborative efforts with the GDPC and the Bank of Ghana in monitoring risks and vulnerabilities within the financial sector to ensure proactive policy responses.
The Ministry also outlined measures being undertaken to enhance market efficiency and support legislative reforms, including the recently passed GDPC (Amendment) Act, 2026 (Act 1167).
The discussions provided an opportunity for both countries to deepen bilateral cooperation and exchange knowledge on financial sector stability and deposit protection.
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