The Bank of Ghana (BoG) is marshaling all arsenal within its power to wage a vicious war on 10 unlicensed financial institutions and ‘millionaire’ fun clubs operating in the Eastern, Volta, Brong Ahafo, Northern, Upper East, and Upper West regions of the country.
The number of microfinance institutions (MFIs) licensed by the Bank of Ghana (BoG) to operate in the country has increased from 394 in March 2014 to 518 as at the end of June, this year.
The Board and Management of EB – ACCION Savings and Loans Company Ltd has rebranded to Pan-African Savings and Loans Company Ltd (PASL), as part of measures to strategically position the company to become a microfinance market leader in Africa.
