Parliament has passed the Ghana Deposit Protection (Amendment) Bill, 2025, amending the Ghana Deposit Protection Act, 2016 (Act 931) to expand the scope and effectiveness of Ghana’s deposit protection framework.

Key Updates:

• Extension of Protection to Electronic Money (E-Money): The amendment extends deposit protection to include electronic money, such as funds held in mobile money wallets and other digital financial platforms.

• Strengthening of the Ghana Deposit Protection Corporation (GDPC): The GDPC is given an expanded mandate to enhance financial system stability and align Ghana’s deposit protection regime with international best practices.

• Enhanced Financial Safety Nets: The law introduces mechanisms to improve the Corporation’s ability to respond to financial institution failures, including access to additional funding support where necessary.
• Promotion of Financial Stability and Confidence: The amendment reinforces the objective of protecting depositors and maintaining public confidence in the financial system