By Lawrence Odoom
The Ghana Deposit Protection Corporation (GDPC) has hosted a high-powered delegation from the Deposit Insurance Corporation (DIC) of Malawi in Accra, in a strategic study visit aimed at cementing institutional collaboration, advancing knowledge transfer, and strengthening deposit protection architectures across the African financial landscape.
The Malawian contingent included 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, alongside the Chief Executive Officer of DIC Malawi.
Speaking at the opening session on Monday, May 25, 2026, the Chief Executive Officer of GDPC, Mr. Galahad Alex Andoh, Esq., hailed the engagement as a “defining moment for cross-border institutional learning and strategic alignment.”
He observed: “This dialogue builds upon the foundational engagement we had with DIC Malawi in May 2025, which laid the groundwork for mutual growth and enduring partnership. We are enthused to consolidate that foundation and elevate our cooperation to new heights.”
Reflecting on GDPC’s trajectory since commencing operations in 2019, Mr. Andoh spotlighted the watershed significance of the GDP (Amendment) Act, 2025, enacted in March 2026. He noted that the legislative enhancement has substantially broadened the Corporation’s mandate to include the financing of alternative resolution mechanisms as prescribed by the Bank of Ghana.
“This expanded mandate empowers GDPC to proactively deploy resources in support of resolution strategies that, at the very least, preserve uninterrupted access to insured deposits -a judicious alternative to outright payout,” he stated.
Mr. Andoh further revealed that GDPC has formalized robust information-sharing frameworks through a Memorandum of Understanding with the Bank of Ghana, and another with ARB Apex Bank to enable collaborative onsite examinations and intelligence exchange on Rural and Community Banks.
In his closing remarks, the CEO underscored the imperative of cohesion among financial safety-net institutions.
“Strategic alignment between the Ministry of Finance, the Central Bank, and the Deposit Insurance Corporation is not a matter of convenience — it is an existential necessity for preserving financial system stability, galvanizing depositor confidence, and ensuring our collective readiness to confront systemic shocks,” he affirmed.