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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 Malawi in May 2025, which “laid a solid foundation for cooperation and mutual learning,” adding that GDPC was excited to further deepen the relationship through the current visit.

Mr. Andoh highlighted the significant progress made by GDPC since becoming operational in 2019, revealing that the passage of the GDP (Amendment) Act, 2025 in March 2026 further enhanced the mandate of the Corporation to include the funding of other resolution options as determined by the Bank of Ghana. He stated that such an enhanced mandate enables the Corporation to contribute financial resources to support measures that, at a minimum, preserve access to insured deposits as an alternative to a direct payout.

Mr. Andoh further mentioned that the Corporation signed a Memorandum of Understanding (MOU) with Bank of Ghana on information sharing arrangements, and also with ARB Apex Bank to collaborate regarding onsite inspections and information sharing on Rural and Community Banks.

The CEO also emphasized the importance of collaboration among financial safety-net institutions, stating that “strong strategic collaboration between institutions such as the Ministry of Finance, the Central Bank, and the Deposit Insurance Corporation remains essential in enhancing financial system stability, promoting depositor confidence, and ensuring effective crisis preparedness and management.”

Mr. Andoh stressed the value of international cooperation among deposit insurers, noting that GDPC had also benefitted immensely from study visits and technical exchanges with deposit insurance institutions in Nigeria, Kenya, Mexico, and Indonesia.

During the visit, DIC Malawi and GDPC held extensive discussions on Ghana’s deposit protection framework, operational structure, governance arrangements, and recent amendments to the Ghana Deposit Protection Act. The delegation also engaged officials from the Bank of Ghana and the Ministry of Finance on issues relating to collaboration, coordination, and information sharing within Ghana’s financial safety-net system.

The study tour is expected to further strengthen professional ties and cooperation between GDPC and DIC Malawi while promoting the exchange of best practices in deposit insurance and financial system stability.