About 385 microfinance companies have made it onto the list of the Bank of Ghana’s non-bank financial institutions in good standing.
The BoG is taking steps to ensure that only licensed Microfinance institutions are allowed to operate. To this end, the regulator has released microfinance institutions it describes as credible.
The notice shows that as of July this year, there are 435 financial institutions that are in good standing with the regulator.
They have met all the necessary conditions to operate and even take funds from the public.
Out of the 435, 385 of the institutions are microfinance institutions, 60 are money lending companies whiles remaining 10 are Financial NGO’s.
The regulator is hopeful that putting out the list can help weed out the bad institutions and also empower the public to know which intuition to deal with in order to ensure their funds are safe.
The list, will and also compel those that are not in good standing to regularize their position.
Click link for the list of non-bank financial institutions in the country.
Latest Stories
-
Today’s front pages: Friday, May 3, 2024
1 min -
CAFCC: USM Alger file appeal at CAS to contest CAF’s decisions on RS Berkane jersey
50 mins -
Deloitte Ghana wins Africa ESG Company of the Year 2024
2 hours -
Medical Laboratory Professionals threaten to strike over conditions of service
4 hours -
Residents of Anloga, Keta express frustration over ECG billing
5 hours -
I don’t believe in praying in tongues – Strongman
5 hours -
‘After The floods’: VRA and GMet clash over cause of Akosombo Dam spillage disaster
5 hours -
‘After The Floods’: Victims suffer harsh conditions 6 months after Akosombo dam disaster
5 hours -
Akufo-Addo to unveil Otumfuo commemorative stamp
6 hours -
EduSpots distributes over 100 tablets and laptops to 30 community-led education spaces
6 hours -
Taxation is driving away investors – FABAG General Secretary
6 hours -
Effutu MP commissions office for Hepatitis B; absorbs cost of testing, vaccination and management
7 hours -
Bawumia pushes for land digitisation to tackle land guard menace
7 hours -
Faith-based institutions are instrumental in national development – Bawumia
7 hours -
Upholding the Integrity of Presidential Promises: A call to Ghanaian leaders
7 hours