Ghana - Rural Financial Services Project

Project Summary

Approval Date 11 Oct 2000
Signature Date 08 Mar 2001
Planned Completion Date 31 Dec 2007
Last Disbursement Planned Date 31 Dec 2007
Sovereign / Non-Sovereign Sovereign
Sector Finance
DAC Sector Code 24030
Environmental Category 3
Commitment U.A 3,470,511.96
Status Completion

Project General Description

The present intervention concerns the Rural Financial Services Project. It’s the result of the Government of Ghana’s (GoG) effort to tackle the lack of financial services in the rural areas which has been a major constraint to increased and sustained development of the rural areas. Indeed, the GoG recognised that developing the rural financial institutions, and harnessing the resources available in the rural areas would provide the much needed impetus for the attainment of its developmental goals for accelerated growth. Expected outcomes of the project are: i) Reduction in rural population below poverty line; ii) Increase in rural HH incomes; and iii) Increase in rural employment. This project comprises four (4) components, namely: I) Capacity Building of Informal Financial Sector; ii) Institutional Support to Rural and Community Banks; iii) Institution Building to the Apex, and iv) Institutional Support to Bank of Ghana (BOG)/MOF.

Project Objectives

The overall objective of the Project is to strengthen the rural financial institutions in order to enhance their efficiency to intermediate in the rural areas, leading to accelerated growth and reduction in rural poverty. The Specific Objective is to strengthen the capacity of Rural and Community Banks in order to enhance their effectiveness and quality of services.


Direct beneficiaries are staff of the RCBs including clerks/cashiers, credit/appraisal officers, managers, directors and shareholders should benefit from the capacity building activities of the project. The Indirect beneficiaries are the rural poor; 60% of whom are women whose access to financial services is expected to increase. About half of the indirect beneficiaries are expected to be clients linked to the 110 RCBs, while the other half should be clients linked to microfinance institutions. Susu collectors and clubs (voluntary savings groups) are also expected to benefit from the project, and new community savings and credit groups are expected to be formed.

Participating Organization

African Development Fund
Government Of Ghana
Bank of Ghana


IATI identifier 46002-P-GH-H00-001
Last Update 26 Jan 2023


Contact Details

Name DIAW Abdourahmane

Geographic Location

Country Ghana
Coordinates Location Name
8.1 -1.2 Ghana