The Ghana Deposit Protection Scheme was established by the Ghana Deposit Protection Act, 2016, Act 931 as amended by the Ghana Deposit Protection (Amendment) Act, 2018, (Act 968). The scheme seeks to protect a small depositor from loss incurred by the depositor as a result of the occurrence of an insured event. The object of the scheme is to support the development of a safe, sound, efficient and stable market-based financial system in Ghana, by ensuring prompt payouts to insured depositors on the occurrence of an insured event. Ghana's Deposit Protection Scheme was conceived based on feasibility studies conducted in the year 2012 and with collaboration between the Bank of Ghana and the Government of Ghana. Financial support and technical assistance was also provided by the German Government through KfW, a German state-owned development bank. Ghana's Deposit Protection...
A two-member delegation from the West African Monetary Agency (WAMA) has embarked on a three-day study tour at the Ghana Deposit Protection Corporation (GDPC). This high-level engagement is designed as a knowledge-sharing platform to exchange practical insights and foster deeper collaboration among deposit insurers across the sub-region. In his welcoming address, the CEO of GDPC, Mr. Galahad Alex Andoh, Esq, stated that from the onset, the Corporation’s mandate has been to protect depositors and contribute to financial stability through the prompt reimbursement of depositors in the event of a bank or specialized deposit-taking institution failure. Mr. Andoh emphasized that to execute this mandate effectively, the Corporation has put in place the necessary governance structures, operational frameworks, robust systems and the requisite stakeholder engagements. “We...
The Ghana Deposit Protection Corporation (GDPC) wishes to inform its member institutions that the Ghana Deposit Protection (Amendment) Bill, 2025 was passed by the Parliament of the Republic of Ghana on 18th March 2026 and received Presidential Assent on 31st March 2026. Following the passage of the Amendment Bill, the Board of GDPC is empowered, among other things, to review the coverage limits for insured deposits once every two years to ensure they remain appropriate and responsive to prevailing economic conditions and depositor protection objectives. The process for the review of the coverage limits has commenced, and in the interim, GDPC hereby notifies its member institutions that coverage limits applicable to banks and specialised deposit-taking institutions that were in existence prior to the passage of the Ghana Deposit Protection (Amendment) Bill, shall remain in...
The Ghana Deposit Protection Corporation (GDPC) has organized a two-day media orientation workshop for editors and business reporters from fifteen leading media houses across the country as part of efforts to enhance public awareness and understanding of the Ghana Deposit Protection Scheme (GDPS). The workshop, held on May 13 and 14, 2026, at the African Regent Hotel in Accra, sought to strengthen the media's knowledge of the key features of the GDPS and the recently amended Ghana Deposit Protection (GDP) Act. The initiative was also aimed at building the capacity of journalists to accurately report on deposit protection issues in Ghana. Addressing participants at the opening session, the Chief Executive Officer of the GDPC, Mr. Galahad Alex Andoh, Esq., emphasized the critical role of the media in promoting transparency, accountability, and informed public discourse in...
DIC MALAWI AND GDPC EXCHANGE IDEAS The Ghana Deposit Protection Corporation (GDPC) has welcomed a high-level delegation from the Deposit Insurance Corporation (DIC) of Malawi to Accra for a study visit aimed at deepening institutional collaboration, knowledge sharing, and strengthening deposit protection systems across Africa. The delegation from Malawi comprises the Secretary to the Treasury at the Ministry of Finance, the Deputy Governor of the Reserve Bank of Malawi, the Board Chair and Vice Board Chair of DIC Malawi and the Chief Executive Officer of DIC Malawi. Speaking at the opening session on Monday, May 25, 2026, the CEO of GDPC, Mr. Galahad Alex Andoh Esq., described the visit as an important platform for “learning and experience-sharing” between the two institutions. He noted that the engagement follows an earlier interaction between GDPC and DIC...
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We exhibit consistent moral and ethical standards, striving to do the right thing and treating relationships well.
We are highly competent and skilled and demonstrate excellence and confidentiality in our work.
To be a reliable and efficient Deposit Protection Scheme that is responsive to the needs of the Depositor.
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