Licensed Savings And Loans In Ghana

Unicredit ghana is licensed under the bog of the non bank financial institutions act 2008 act 774. The bank of ghana bog says about 25 savings and loans companies and 11 finance houses are currently in. It was registered and also obtained a certificate to commence business in the year 2008 as a company limited by guarantee and not having any share capital and also shall be a non profit making institution.

The bank of ghana has revoked the licences of 23 insolvent savings and loans companies and finance house companies in line with the banks and specialised deposit taking institutions act 2016.

Licensed savings and loans in ghana. Until 2nd june 2017 the company operated as express capital microfinance ltd which was i. The bog on aug 16 revoked the licences 25 companies. Eric nipah as a receiver for the specified institutions in line with the act. Full list of licensed savings and loans companies as at august 16.

The bank of ghana bog says about 25 savings and loans companies and 11 finance houses are currently in good standing and would therefore remain operational in the country. 16 august 2019 818pm. Bog in the statement explained that the actions were taken pursuant to section 123 1 of the banks and specialised deposit taking institutions act 2016 act 930 which requires the bank of ghana to revoke the licence of a bank or specialised deposit taking institution sdi where the bank of ghana determines that the institution is insolvent. Additionally the bog has also published the list of licensed.

The bank of ghana has also appointed mr. 7 nii yemoh avenue oic road 3rd floor zion house shiashie east legon accra p. Direct savings and loans ltd is an indigenous second tier banking institution licensed by the bank of ghana. Ghasalc is an association of all savings and loans companies registered under the laws of ghana and also licensed by bank of ghana.

Progress savings and loans limited no. They have been in operation and offering savings and loans services in ghana for 11 years and continue to change the landscape of the industry especially with the spread of the branches throughout the country. Box st 237 accra 233 302 514000 233 302 509013 233 501 523473. The bank of ghana has with effect from today revoked the licences of twenty three 23 insolvent savings and loans companies and finance house companies see annex 1.

The bank of ghana bog has published a list of the 25 licensed finance house savings and loans companies as of august 16 2019.