Islamic Finance Provides Solution to Bridge Funding Gap and Increase Financial Inclusion in Ghana: IFRIG

Speaking at a conference held by the Islamic Research Institute, Ghana (IFRIG), Chairman of the IFRIG, Alhaji Mohammed Awal Ismail stated that the establishment of Islamic finance in Ghana will serve as a means for the Government of Ghana to tap into significant liquidity pools from investors in the Gulf Cooperation Council (GCC) region as well as Asia, that are looking for viable investment opportunities in Africa.

Why it Matters?

The Government of Ghana requires valuable funding to improve critical infrastructure across the country. As most African countries are already tapping into Shariah- compliant funding sources, a multi-stakeholder effort is required to ensure that Ghana establishes Islamic finance in the short-to-medium term. This is expected...