The Bank of Ghana in ensuring the implementation of sections 56 and 92 (1) of the Banks and Specialized Deposit- Taking Institutions Act, 2016 (Act 930) issued directives on Corporate Governance for the effective management of Regulated Financial Institutions (RFI). As part of the corporate governance directives 2018 (for Banks, Savings and Loans Companies, Finance House Companies and Financial Holding Companies) and also in the Business Rules and Sanctions (for Microfinance Institutions), it is required for Directors and Key Management staff of RFIs to obtain Certification from accredited institutions.
In this context, the Ghana Microfinance Institutions Network (GHAMFIN), the Credit Unions Association (CUA) and the German Sparkassenstiftung Ghana have developed and successfully piloted a certification training program for board members and managers of Credit Unions and Microfinance Institutions.
This training program is customized and practically oriented. The training includes different active teaching and learning methods such as trainer input, group discussions, analysis of scenarios, peer learning, peer counselling and others.
The program is implemented under the cooperation project titled: “Strengthening Co-operative Credit Unions and other Microfinance Institutions (MFIs) in providing financial services in Ghana”.
The aim is to build capacity of Credit Unions and microfinance institutions through demand-driven, affordable and attractive training courses for board members and managers of such institutions. The project is funded by the Federal Ministry for Economic Cooperation and Development of Germany (BMZ).
|Structure||Modular program consisting of 6 compulsory modules and a Practical Week during which the participants do peer counselling in hosting institutions of their subsector.|
|Duration||Five and a half months|
|Facilitators||Experienced practitioners and trainers from the industry|
|Assessment||Written exam + report and oral group presentation on Practical Week|