Strengthening the capacity of credit unions and other microfinance institutions


Local Project Partners
Co-operative Credit Union Association (CUA),
Ghana Microfinance Institutions Network (GHAMFIN)

German Project Partner
Rheinischer Sparkassen- und Giroverband (RSGV)

Germany’s Federal Ministry for Economic Cooperation and Development (BMZ)

01.07.2015 - 31.03.2022

Inadequate access to financial services is a core development problem in Ghana, characterized by two main obstacles:

  1. inadequate training of managers and functionaries in the microfinance sector.
  2. the public’s lack of basic knowledge on financial and entrepreneurial issues.

Savings and credit cooperatives, called credit unions, as well as other groups of institutions in the microfinance sector, are characterized by their wide reach and social mandate, to which credit unions lay claim.

The overall objective of the project is to improve the financial inclusion of previously excluded or disadvantaged groups of the population through better access to financial services to promote their participation in economic life and to contribute to poverty reduction.
As a concrete project objective, microfinance associations in Ghana are to provide demand-driven, affordable, and methodologically sound interventions to their members (credit unions and other microfinance institutions).

Project Tasks

  • The training programs for supervisory boards and management of microfinance institutions developed in the previous project phase have been piloted, and the roll-out of the two trainings will be completed this year.
  • Parallel to the training measures, sustainable structures are being created together with the partner organization (GHAMFIN) to be able to develop suitable training concepts for the sector in the future.
  • The otherwise stable microfinance institutions that have been affected by the crisis, are actively supported by a liquidity assistance fund to overcome the consequences of the Covid-19 pandemic.



Deutsche Sparkassenstiftung für internationale Kooperation e.V.
Simrockstraße 4, 53113 Bonn

Phone: +49 228 9703-0
Fax: +49 228 9703-6613 or -6630

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