Malawian Delegation Applauds Ghana’s Deposit Insurance Reforms and Financial Stability Framework

Edited by Solomon Kwabena Nana-Ansah – Paaps – 

Malawian Delegation Commends Ghana’s Deposit Insurance Reforms During Study Visit
A high-level delegation from Malawi has praised Ghana’s efforts in strengthening deposit insurance and enhancing financial sector stability during a study visit to the Ghana Deposit Protection Corporation (GDPC) in Accra.

The five-member delegation, led by Malawi’s Secretary to the Treasury, Dr. Cliff Kenneth Chiunda, is in Ghana to explore best practices in deposit insurance operations, financial stability frameworks, and institutional coordination mechanisms. The visit forms part of Malawi’s ongoing efforts to improve its deposit insurance scheme and strengthen collaboration among financial sector regulators.

The delegation comprises senior officials from the Reserve Bank of Malawi and the Deposit Insurance Corporation of Malawi. During their engagements with Ghanaian counterparts, discussions focused on key areas including bank resolution mechanisms, risk monitoring, and policy coordination.

Dr. Chiunda commended Ghana for the significant progress made in developing a robust deposit protection system, describing the country’s experience as a valuable model for Malawi’s financial sector reforms. He expressed appreciation for the opportunity to learn from Ghanaian institutions, noting that the knowledge acquired would contribute to strengthening Malawi’s financial safety net and institutional framework.

Welcoming the delegation, Deputy Minister for Finance, Hon. Thomas Nyarko Ampem, underscored the critical role played by the Ghana Deposit Protection Corporation in safeguarding depositors and maintaining confidence in the banking system.

He reaffirmed the Government of Ghana’s commitment to promoting financial stability through effective collaboration among key institutions, particularly the GDPC and the Bank of Ghana.

Officials from the Ministry of Finance highlighted ongoing efforts to work closely with the GDPC and the Bank of Ghana in monitoring risks and vulnerabilities within the financial sector to ensure timely and proactive policy interventions.

The Ministry also outlined measures aimed at improving market efficiency and advancing legislative reforms, including the recently enacted GDPC (Amendment) Act, 2026 (Act 1167), which is expected to further strengthen the country’s deposit protection framework.

The engagement provided an important platform for Ghana and Malawi to deepen bilateral cooperation, exchange knowledge, and share experiences in promoting financial sector stability and effective deposit protection systems.