Bank of Ghana Converts Rural Banks to Community Banks in Sector Reform

Bank of Ghana converts all Rural Banks into Community Banks under sector reform

The Bank of Ghana (BoG) has announced the conversion of all Rural Banks in the country into Community Banks as part of ongoing reforms in the microfinance sector aimed at strengthening inclusive finance and expanding access to banking services. The central bank said the change takes immediate effect under the Guideline on the Revised Microfinance Sector Framework, 2026 (Notice No. BG/GOV/SEC/2026/03), with all existing Rural Banks now designated as Community Banks.

By Isaac Yeboah