Twenty-three micro-finance institutions (MFIs), which were collapsed by the Bank of Ghana (BoG) on May 31, have agreed to pay their customers from their own resources. This means that customers of these companies will not be paid by the Receiver, Mr Eric Nana Nipah of...
The Bank of Ghana has given detailed reasons on why it revoked the licences of 23 insolvent savings and loans companies and finance house companies. A statement issued by the BoG on Friday, August 16, 2019 said the revocation of the licences of the institutions had become...
The Bank of Ghana (BoG) has revoked the licenses of 347 insolvent microfinance companies. The shut down takes immediate effect from May 31, 2019. The licences of 192 of them were revoked in addition to that of another 155 that have ceased operations. Actions A statement...
