The Institute for Liberty and Policy Innovation (ILAPI) has welcomed the inauguration of an Inter-Agency Technical Working Group (TWG) by the Ministry of Finance to develop a framework for managing unclaimed funds in Ghana.

In a statement issued on May 25, 2026, ILAPI said the development follows its advocacy through the “Next of Kin Project,” which has called for reforms in the management of dormant and unclaimed financial assets.

According to the statement, the Technical Working Group includes representatives from the Ministry of Finance, Bank of Ghana, National Pensions Regulatory Authority (NPRA), Securities and Exchange Commission (SEC), Social Security and National Insurance Trust (SSNIT), National Communications Authority (NCA), National Identification Authority (NIA), the Attorney-General’s Department, and a private sector technical expert affiliated with ILAPI.

The group has been tasked with developing a unified and transparent national framework for handling unclaimed assets.

ILAPI said billions of Ghana cedis in unclaimed funds across banking, pensions, insurance, securities, and mobile money sectors remain disconnected from their rightful owners because of fragmented systems, inconsistent dormancy definitions, and weak tracing mechanisms.

The Institute said the situation affects public confidence in the financial system and prevents beneficiaries from accessing funds owed to them.

ILAPI also welcomed government plans to replace estimates with verified sector-specific data and establish a national baseline for unclaimed assets.

The statement noted that the scope of the Technical Working Group includes unclaimed lottery and gaming winnings, court-awarded funds, intestacy-related property, public sector salary arrears, and unclaimed real estate assets.

ILAPI described the initiative as an important step toward improving consumer protection, strengthening reporting systems, and ensuring that rightful owners recover their assets.

The Institute further pledged its support for the process through research, advocacy, and stakeholder engagement to help promote transparency, accountability, and fairness.