The Receiver of the 347 microfinance companies (MFCs) whose licence have been revoked by the Bank of Ghana (BoG) has so far paid GH₵21.7 million to approximately 33,000 depositors. GH₵480m claims by 66,000 depositors This is out of GH₵480 million validated and agreed claims by 66,000 depositors as at July 19, 2019. GH₵937m claimed by […]
Tag: Micro Finance Companies
We’re not closing down any companies; disregard list circulating on social media-SEC
The Securities and Exchange Commission (SEC) has denied media reports suggesting the closure of some micro finance institutions in the country. A tall list of companies circulating on social suggests the companies have been earmarked for closure by the SEC and the information alleged had come from its website. But in a rebuttal, the SEC […]