Africa Financial Sector Responses to COVID-19 - Ghana
This page presents measures and initiatives by the Ghanaian government, national central bank and Development Finance Institutions (DFIs) in support of a resilient domestic financial sector facing the effects of the COVID-19 pandemic.
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Instrument |
Institution |
Financing volume |
Description |
Measures to support the financial sector |
Government |
N/A |
(May 21, 2020) Ghana launches world’s first digital finance policy amid COVID-19 with the goal of: |
Financial support measures for the private sector |
Government |
USD 173 million |
(May 20, 2020) Establishment of a fund for granting loans to Micro, small and medium-sized enterprises (MSMEs) in order to support them in the face of the effects of the health crisis. |
Monetary Policy |
Bank of Ghana |
N/A |
(May 20, 2020) Range of monetary policies to support the economy : |
Regulatory measures |
Bank of Ghana |
N/A |
(April 21, 2020) Central Bank Invitation: Given the risks in the financial sector, the Central Bank urged financial institutions to suspend dividend payments to compensate for potential operating losses. |
Regulatory measures |
Bank of Ghana |
N/A |
(March 20, 2020) The central bank is taking steps to promote electronic payment services: |