The government is making financial health a major priority under Ghana’s next National Financial Inclusion and Development Strategy (NFIDS), 2027–2031, as it seeks to ensure that access to financial services translates into stronger financial security and better economic outcomes for individuals and businesses.
The strategy will build on gains made in expanding access to formal financial services while addressing the challenges that prevent many Ghanaians from using those services to strengthen their economic security and build wealth.
Deputy Minister for Finance, Thomas Nyarko Ampem, announced the initiative during the joint inauguration of the strategy development process at the Ministry of Finance, attended by Her Majesty Queen Máxima of the Netherlands and other stakeholders.
Ghana has made significant progress in financial inclusion, with more than eight in 10 adults owning a financial account, according to the World Bank’s Global Findex 2025. However, the Ministry noted that the 2021 FinScope Survey found that only 22 percent of Ghanaian adults were financially healthy.
The figures, Mr. Nyarko Ampem said, point to a gap between having access to financial services and achieving meaningful financial security.
“We have become good at opening accounts. We must now become better at making accounts improve lives,” he stated.
The new strategy will focus on affordable and responsible financial services, digital innovation, consumer protection, financial literacy and resilience. Women, young people, farmers, informal sector workers and small businesses will receive particular attention.
Government also plans to establish a Financial Inclusion Council to improve coordination and accountability, while a Financial Health Framework will assess whether households can meet daily financial obligations, withstand unexpected shocks and save and invest for the future.
The Deputy Minister said the initiative formed part of the government’s wider economic transformation agenda.
“Our ambition is for an economy that creates opportunity, a financial system that enables participation, and a society in which more people can build secure and prosperous lives,” he said.
Mr. Nyarko Ampem added that reforms in the financial sector would extend beyond banking and mobile money to support deeper capital markets and wider access to investment opportunities, including emerging technologies such as asset tokenisation.
The strategy is being developed by a National Technical Committee comprising the Ministry of Finance, financial sector regulators and other stakeholders, with its official launch expected in the first half of 2027.
