Grameen Foundation : Where we work : Sub-Saharan Africa : Ghana
Ghana
The Need in Ghana
- Life expectancy is 57 years old
- Literacy rate is 58 percent
- Only 44 percent of the population has access to electricity
- Close to 80 percent of the population lives on less than $2 a day
With a wealth of natural resources, a good education system and efficient civil service, Ghana is often seen as an example of successful political and economic reform in Africa. Microfinance is still young in Ghana, but there is a huge demand for financial services. Microfinance reaches only 10% of the three million poor women in the area. Currently, there are unregulated Financial NGOs (FNGOs) that reach out to the poor, and regulated Savings & Loans companies (S&Ls) which are located in urban areas, but focus on higher-end clients. Rural areas, especially in north Ghana, still seriously lack financial access.
In 2008, Grameen Foundation partnered with the largest FNGO in Ghana, Sinapi Aba Trust (SAT), and plans to work with the country’s microfinance association, GHAMFIN, to help strengthen Ghanaian MFI partners by focusing on long-term capacity building.
Our partner microfinance institution in Ghana: SAT
Ghana client success story: Akosua Ghana
Grameen Foundation : Where we work : Sub-Saharan Africa : Ghana
Grameen Foundation uses microfinance and innovative technology to fight global poverty and bring opportunities to the world's poorest people. With tiny loans and financial services, we help the poor, mostly women, start businesses and escape poverty. Our global network of 55 microfinance institution (MFI) partners including our Growth Guarantee partners has touched more than 34 million people in 24 countries. In addition, we introduced and now sustain technology initiatives (Mifos and Village Phone) in Cameroon, Kenya, Rwanda, and Uganda, bringing our total country outreach to 28.
+1-202-628-3560 www.grameenfoundation.org
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