{"id":489331,"date":"2026-03-23T18:00:09","date_gmt":"2026-03-23T18:00:09","guid":{"rendered":"https:\/\/www.financialafrik.com\/en\/2026\/03\/23\/ghana-towards-the-establishment-of-a-credit-insurance-system-to-facilitate-smes-access-to-financing\/"},"modified":"2026-03-23T18:00:17","modified_gmt":"2026-03-23T18:00:17","slug":"ghana-towards-the-establishment-of-a-credit-insurance-system-to-facilitate-smes-access-to-financing","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2026\/03\/23\/ghana-towards-the-establishment-of-a-credit-insurance-system-to-facilitate-smes-access-to-financing\/","title":{"rendered":"Ghana: towards the establishment of a credit insurance system to facilitate SMEs access to financing"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>In Ghana, the National Insurance Commission has initiated discussions with the Bank of Ghana and the 24-hour Economy Authority to establish a credit insurance mechanism for small and medium-sized enterprises (SMEs). This system aims to remove one of the main barriers to accessing financing for SMEs: the requirement for physical collateral. It would allow companies to obtain credit without having to pledge assets, thus facilitating their access to bank financing and other forms of credit.<\/p>\n<p>According to the regulator, nearly 95% of SMEs face difficulties in accessing credit due to their inability to provide the guarantees required by financial institutions.<\/p>\n<p>The ongoing discussions focus in particular on a possible relaxation of the regulatory framework by the Bank of Ghana, as well as on the design and implementation of the credit insurance system by the National Insurance Commission. This mechanism would cover loans granted to SMEs, especially those operating in value chains related to the continuous economy, thus reducing dependence on traditional guarantees such as real estate.<\/p>\n<p>Furthermore, authorities plan to establish business support organizations tasked with assisting SMEs in improving their governance and preparing for access to credit.<\/p>\n<p>It is worth noting that the 24-hour Economy Authority was established after the adoption, on February 19, 2026, of the corresponding law by President John Mahama. Its mission is to stimulate private sector participation and support the country&#8217;s economic transformation.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>In Ghana, the National Insurance Commission has initiated discussions with the Bank of Ghana and the 24-hour Economy Authority to establish a credit insurance mechanism for small and medium-sized enterprises (SMEs). This system aims to remove one of the main barriers to accessing financing for SMEs: the requirement for physical collateral. It would allow companies<\/p>\n","protected":false},"author":537209,"featured_media":489332,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"https:\/\/www.financialafrik.com\/2026\/03\/23\/ghana-vers-la-mise-en-place-dun-systeme-dassurance-credit-pour-faciliter-lacces-des-pme-au-financement\/","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[11996,16200],"tags":[],"class_list":{"0":"post-489331","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-en","8":"category-insurance","9":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Ghana: towards the establishment of a credit insurance system to facilitate SMEs access to financing - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.financialafrik.com\/en\/2026\/03\/23\/ghana-towards-the-establishment-of-a-credit-insurance-system-to-facilitate-smes-access-to-financing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ghana: towards the establishment of a credit insurance system to facilitate SMEs access to financing\" \/>\n<meta property=\"og:description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. 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We aspire to neutrality, but we assume our subjectivity\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.financialafrik.com\/en\/2026\/03\/23\/ghana-towards-the-establishment-of-a-credit-insurance-system-to-facilitate-smes-access-to-financing\/\" \/>\n<meta property=\"og:site_name\" content=\"Financial Afrik\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FinancialAfrik\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-23T18:00:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-23T18:00:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.financialafrik.com\/en\/wp-content\/uploads\/2026\/03\/Accra-cercle-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Dominique Mabika\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:site\" content=\"@Financialafrik\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Dominique Mabika\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2026\\\/03\\\/23\\\/ghana-towards-the-establishment-of-a-credit-insurance-system-to-facilitate-smes-access-to-financing\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2026\\\/03\\\/23\\\/ghana-towards-the-establishment-of-a-credit-insurance-system-to-facilitate-smes-access-to-financing\\\/\"},\"author\":{\"name\":\"Dominique Mabika\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#\\\/schema\\\/person\\\/8c086c638b64489596b4801e234eac00\"},\"headline\":\"Ghana: towards the establishment of a credit insurance system to facilitate SMEs access to financing\",\"datePublished\":\"2026-03-23T18:00:09+00:00\",\"dateModified\":\"2026-03-23T18:00:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2026\\\/03\\\/23\\\/ghana-towards-the-establishment-of-a-credit-insurance-system-to-facilitate-smes-access-to-financing\\\/\"},\"wordCount\":241,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2026\\\/03\\\/23\\\/ghana-towards-the-establishment-of-a-credit-insurance-system-to-facilitate-smes-access-to-financing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/Accra-cercle-2.jpg\",\"articleSection\":[\"Finance\",\"Insurance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2026\\\/03\\\/23\\\/ghana-towards-the-establishment-of-a-credit-insurance-system-to-facilitate-smes-access-to-financing\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2026\\\/03\\\/23\\\/ghana-towards-the-establishment-of-a-credit-insurance-system-to-facilitate-smes-access-to-financing\\\/\",\"url\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2026\\\/03\\\/23\\\/ghana-towards-the-establishment-of-a-credit-insurance-system-to-facilitate-smes-access-to-financing\\\/\",\"name\":\"Ghana: towards the establishment of a credit insurance system to facilitate SMEs access to financing - Financial Afrik\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2026\\\/03\\\/23\\\/ghana-towards-the-establishment-of-a-credit-insurance-system-to-facilitate-smes-access-to-financing\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/2026\\\/03\\\/23\\\/ghana-towards-the-establishment-of-a-credit-insurance-system-to-facilitate-smes-access-to-financing\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.financialafrik.com\\\/en\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/Accra-cercle-2.jpg\",\"datePublished\":\"2026-03-23T18:00:09+00:00\",\"dateModified\":\"2026-03-23T18:00:17+00:00\",\"description\":\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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