News/Events

UK raises export cover to Ghana from £125 million to £500 million

20 April 2018

The United Kingdom (UK) has increased its export finance cover available to Ghana from £125 million to £500 million.The offer is intended to, among other things, support new Ghanaian businesses that want to partner with the UK.It is an obvious fact that Mr. Baako has thrown his weight behind the President of the Republic...

 

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Five ways China's past has shaped

19 April 2018

The country is perhaps more aware of its own history than any other major society on earth ty on earth ...

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Five ways China's past has shaped

19 April 2018

The country is perhaps more aware of its own history than any other major society on earth ty on earth ...

Read More

Ghana Deposit Protection Corporation

The Ghana Deposit Protection Corporation was established by the Ghana Deposit Protection Act, 2016 (Act 931) which was enacted on the 11th of October 2016. The Act applies to Banks and Specialised Deposit –Taking Institutions licensed by the Bank of Ghana. The Act provides the framework for the establishment of the Deposit Protection Scheme, the Deposit Protection Fund, and the Deposit Protection Corporation. The object of the Act is to: 

  1. Protect small depositors from loss incurred by depositors as a result of the occurrence of an insured event;
  2. Support the development of a safe, sound, efficient and a stable market-based financial system in Ghana. 

Vision 

To be a reliable and efficient Deposit Protection Scheme that is responsive to the needs of the Depositor.

Mission 

To build and sustain confidence in the banking system by ensuring protection and making prompt payment to the depositor

 

  • Integrity- We exhibit consistent moral and ethical standards, striving to do the right thing and treating relationships well.
  • Professionalism – We are highly competent and skilled and demonstrate excellence and confidentiality in our work.
  • Responsiveness – We are proactive in our work, anticipating the needs of the industry and coming up with innovative solutions.
  • Teamwork – We provide an environment of open communication, collaboration and support each other in our work.
  • Results-Oriented – We set clear objectives knowing which results are important and focus our resources to achieve them.

 

To be a reliable and efficient Deposit Protection Scheme

that is responsive to the needs of the Depositor.

The Ghana Deposit Protection Corporation is a corporate entity established under the Act to manage the Scheme. The main functions of the Corporation include:

  1. To determine the levels of insurance premiums and to collect insurance premiums from members of the scheme
  2. To set coverage limits
  3. To pay off insured depositors
  4. To collaborate with International Deposit Insurance bodies
  5. To invest the moneys in the protection fund in securities approved by the Board.
  6. To borrow money to ensure attainment of the objectives of the scheme (Not borrow from members)

 

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