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Bank of Ghana Reviewing Microfinance Companies

Accra, Jan. 9, GNA - Bank of Ghana is reviewing the entire process of licensing new Microfinance Institutions and that all regional offices of the Bank are being resourced with staff to improve surveillance to intensify its intelligence network.
GAMC calls for clear-cut policy to define micro-finance operations in Ghana

The Ghana Association of Microfinance Companies is calling for a clear-cut policy to drive the direction of the industry. Over 100 microfinance companies folded up in 2015 alone due to mismanagement of funds and weak supervision from regulators.

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