Bawumia lists 82 failed Micro Finance Institutions under NDC in which no depositor was paid their investment

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The Vice President, Dr. Mahammudu Bawumia has responded to the Flagbearer of the opposition National Democratic Congress (NDC), John Dramani Mahama’s promise to among other things, settle monies owed customers of liquidated financial institutions, including DKM which collapsed during his (John Mahama’s) presidency.

The former President during the official outdooring of his running mate, Jane Naana Opoku-Agyemang, yesterday, Monday July 6, 2020 at the University for Professional Studies (UPSA) promised to make the payments when the NDC is voted into power in the 2020 elections.

But the Vice President says Ghanaians should never take Mr. Mahama serious since he supervised the collapse of 82 Micro Finance Institutions in which no depositor was paid their investment.

See the detailed list of the failed Micro Finance Institutions which collapsed between 2009 and 2016 below:

 

AGAPET MICROFINANCE LIMITED

ANTCAVE MICROFINANCE LIMITED

APEX MICROFINANCE LIMITED

ATWIMAN MICROFINANCE COMPANY LIMITED

BEES MICROFINANCE LIMITED

CEDAR HOUSE MICROFINANCE SERVICES LIMITED

CENTRAL CAPITAL MICROFINANCE LIMITED

CHARLES NOBLE MICROFINANCE LIMITED

CITIVILLE MICROFINANCE LIMITED

CITY TRUST MICROFINANCE LIMITED

COASTAL LINK MICROFINANCE LIMITED

DIAMOND WINNERS MICROFINANCE LIMITED

DKM DIAMOND MICROFINANCE LIMITED

DUAPA TRUST MICROFINANCE LIMITED

EGO VISION MICROFINANCE LIMITED

EZI ACCESS MICROFINANCE LIMITED

F.H. & C MICROFINANCE LIMITED

FAST MONEY MICROFINANCE LIMITED

FIRST UNITY MICROFINANCE LIMITED

GANYO MICROFINANCE LIMITED

GENESIS SEED MICROFINANCE LIMITED

GLOBAL STANDARD MICROFINANCE LIMITED

GLOW MICROFINANCE LIMITED

GOLDEN LIFE MICROFINANCE LIMITED

GROWTH CHAMPIONS MICROFINANCE LIMITED

GROWTH POLE MONEY LENDING LIMITED

IDEAL WAY MICROFINANCE SERVICES LIMITED

IMAGES MICROFINANCE LIMITED

JASTAR MONEY LENDING SERVICES LIMITED

J’COBS MICROFINANCE LIMITED

JUBILEE MICROFINANCE LIMITED

KAB MICROFINANCE LIMITED

KB STAR MICROFINANCE COMPANY LIMITED

KWABEF MICROFINANCE LIMITED

LOOK-AHEAD MICROFINANCE LIMITED

MAGNET MICROFINANCE LIMITED

MCKEOWN MICROFINANCE LIMITED

MEDAL CREDIT MICROFINANCE LIMITED

MEDLORM MICROFINANCE LIMITED

MONEY HOME MICROFINANCE LIMITED

MONEY LINK MICROFINANCE LIMITED

MOTHERS’ MICROFINANCE LIMITED

MY HOPE MICROFINANCE LIMITED

NEW DAWN MICROFINANCE LIMITED

OPPORTUNITY GLOBAL LINKS MICROFINANCE LIMITED

ORION MONEY LENDING LIMITED

PAXMAN MICROFINANCE LIMITED

PENDY-GLO MICROFINANCE LIMITED

PROMISE MICROFINANCE LIMITED

PROTEGE MICROFINANCE LIMITED

PRYME HEDGE MICROFINANCE LIMITED

QUICK LOANS MICROFINANCE LIMITED

REACH MICROFINANCE LIMITED

REEMALEX MICROFINACE SERVICES LIMITED

REJOICE MICROFINANCE LIMITED

RIMDA MICROFINANCE LIMITED

ROYAL KINGDOM MICROFINANCE LTD

SAB TRUST MICROFINANCE LIMITED

SAFE CREDIT MICROFINANCE LIMITED

SEAB MICROFINANCE LIMITED

SHARP VISION MICROFINANCE LIMITED

SHINE CREDIT MICROFINANCE LIMITED

SIKA DWA MICROFINANCE LIMITED

SILISON MICROFINANCE LIMITED

SILVER MICROFINANCE LIMITED

SKII CREDIT MICROFINANCE LIMITED

SOFTBIZ MICROFINANCE LIMITED

SP MICROFINANCE LIMITED

SPARK TRUST MICROFINANCE LIMITED

SUFFICIENCY MICROFINANCE LIMITED

SWIFT TRUST MICROFINANCE LIMITED

SYNTHESIS MICROFINANCE LIMITED

THE LORD IS PEACE MICROFINANCE LIMITED

TIME-FIRST MICROFINANCE LIMITED

TOPNET MICROFINANCE LIMITED

TRUST JESUS MICROFINANCE LIMITED

TTS MICROFINANCE SERVICES LIMITED

ULTIMATE FOCUS MICROFINANCE LIMITED

UNI CASH MICROFINANCE LIMITED

VANLIZ MICROFINANCE SERVICES LIMITED

WESTERN MICROFINANCE LIMITED

XPRESS LINK MICROFINANCE COMPANY LIMITED

Source: BestNewsGH.com

 


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Kennedy Mornah is an Award Winning Ghanaian Journalist with over two decades of experience in the Ghanaian Media landscape spanning the electronic, print and digital media. He is a Media Consultant, a Corporate MC, Radio and TV Host, Founder and Publisher of the Maritime and Transport Digest Newspaper, Businessman, a Go getter and an optimist. He has worked for renowned media organizations including Diamond Fm in Tamale, Luv Fm in Kumasi, Oman Fm in Accra and Starr Fm in Accra In 2017 he received the Reporter of the Year Award at the Ghana Shippers Awards in Accra, Ghana.

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