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Share of microfinance sector to overall banking sector declined to 8.0% – BoG

todayFebruary 8, 2026

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The share of the microfinance sector to the overall banking sector declined from about 15% to 8.0% between 2017 and 2024. According to the Bank of Ghana, this decline is not merely a financial outcome, but it reflects a reduced contribution to financial inclusion and development, as well as an erosion of confidence in the […]

Source: www.myjoyonline.com

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