96 branches of the 347 microfinance companies placed into receivership remain open for receivership business GREATER ACCRA No. Branches of Microfinance Companies to be maintained Location of Maintained Branch Region GREATER ACCRA REGION 1 ACEA Microfinance Co. Limited Opposite Amasaman Community Hospital, Amasaman Greater Accra 2 Adom Sika Microfinance Limited 52 Mango […]
Accra, Ghana, May 31, 2019 – The Bank of Ghana has, with effect from today, revoked the licences of 192 insolvent microfinance companies (see attached list). In addition, licences of another 155 insolvent microfinance companies that have ceased operations (see attached list) have been revoked.
The Receiver has designated 96 branches of the 347 MicroFinance Companies (MFCs) placed into receivership as operational branches, to serve the customers of these institutions as well as the customers of other MFCs whose licenses have been revoked. This means that, the Receiver’s team will cease to operate from any branch of the affected MFCs which has not been listed.