The Bank of Ghana has directed all existing Rural Banks to transition into Community Banks by March 31, 2026, as part of a comprehensive restructuring of the country’s microfinance sector. Under the revised framework, the sector will now operate within four defined categories: Microfinance Banks, Community Banks, Credit Unions and Last-Mile Providers. The minimum capital requirement has been set at GH¢5 million for Community Banks and GH¢10 million for new urban Community Banks. Beyond the restructuring of Rural and Community Banks, the framework establishes Microfinance Banks as a new class of deposit-taking institutions. The institution will now provide shared services across Community Banks, Microfinance Banks and licensed Credit Unions.