A high-level delegation from Malawi counseled Ghana for its progress in strengthening deposit insurance coverage and monetary sector stability throughout a analysis go to to the Ghana Deposit Safety Company (GDPC) in Accra.
A five-member delegation led by Malawi’s Treasurer-Basic, Dr Cliff Kenneth Chiunda, is visiting Ghana to review greatest practices in deposit insurance coverage operations, monetary stability frameworks and institutional adjustment mechanisms.
In response to the Ministry of Finance, the go to is aimed toward supporting Malawi’s efforts to strengthen its deposit insurance coverage system and enhance coordination amongst monetary sector regulators.
The delegation, which included senior officers from the Reserve Financial institution of Malawi and the Malawi Deposit Insurance coverage Company, mentioned points associated to financial institution decision, threat monitoring and coverage coordination with Ghanaian officers.
Dr Chiunda counseled Ghana for creating what he termed a sturdy deposit safety system and mentioned Ghana’s expertise supplied worthwhile classes for Malawi’s reform course of.
He additionally expressed his appreciation for the initiative, noting that the teachings discovered will assist strengthen Malawi’s monetary security internet and institutional framework.
Deputy Minister of Finance Thomas Nyarko Ampem mentioned the Ghana Deposit Safety Company performs an necessary position in defending depositors and sustaining confidence within the banking system.
He added that the federal government remained dedicated to strengthening monetary stability by way of inter-institutional cooperation, together with the Financial institution of Ghana.
Treasury officers additionally emphasised their continued collaboration with the GDPC and the Financial institution of Ghana in monitoring dangers and vulnerabilities within the monetary sector to help proactive coverage responses.
The Ministry additional outlined measures aimed toward enhancing market effectivity and supporting authorized reforms, together with the not too long ago handed GDPC Modification Act of 2026 (Act No. 1167).
The ministry mentioned the talks additionally created a possibility for Ghana and Malawi to deepen bilateral cooperation and alternate information on monetary sector stability and deposit safety.
