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...
Mr. Galahad Alex Andoh is the Chief Executive Officer of the Ghana Deposit Protection Corporation (GDPC), bringing to the role a distinguished track record in financial consultancy, administration, law and policy development. Mr. Andoh embodies a unique blend of financial acumen and legal insight, positioning him as a key leader in advancing GDPC’s mission of safeguarding depositors’ funds and enhancing public confidence in the financial sector. Mr. Andoh is responsible for overseeing the operational and financial direction of the Corporation. Mr. Andoh has amassed significant professional experience across the United Kingdom and Ghana. Prior to assuming his current role in March 2025, he worked remotely on a part time basis as a Financial Consultant and Legal Administrator at Rams Engineering Limited in the UK, where he played a pivotal role in drafting...
Accra, Ghana – The Ghana Deposit Protection Corporation (GDPC) has been recognised for its exemplary audit standards, emerging as the 2nd Runner-Up for the prestigious Best Audit Committee in the State-Owned Enterprise (SOE) Category for the Year 2024. The award was presented at the 2025 Annual Internal Audit Conference, organised by the Internal Audit Agency (IAA) of Ghana. The two-day event, held at the Accra International Conference Centre from November 3rd to 4th, convened under the theme “Resetting the Ghanaian Economy: The Role of the Internal Auditor.” The conference served as a pivotal gathering for influential leaders from Ghana's financial, public, and governance sectors, focusing on strategic dialogues around economic reforms, digital transition, and bolstering the nation's fiscal resilience. In his opening address, the Ag....
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...
We provide an environment of open communication, collaboration and support each other in our work.
We set clear objectives knowing which results are important and focus our resources to achieve them.
We are proactive in our work, anticipating the needs of the industry and coming up with innovative solutions.
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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