The Bank of Ghana has descended on Non-bank financial institutions as part of measures to sanitize the banking space.
The central bank on Friday, May 31, 2019, announced that it had revoked the licenses of some 347 microfinance institutions in the country.
It also took similar action against some 39 microcredit institutions operating in Ghana.
A statement from the central bank said some of the institutions were insolvent while others had been out of operation for some time now.
BoG also said it has informed the Registrar of Companies at the Registrar General’s Department about the revocation and has requested that the Registrar commences “winding up proceedings against these companies.”
Below is the full list of the microfinance institutions whose licenses were revoked by the BoG:
Microfinance Companies – Insolvent
- 1st Eye Microfinance Company Limited
- Abepa Microfinance Limited
- Acea Microfinance Co. Limited
- Adom Sika Microfinance Limited
- Advalue Microfinance Limited
- Ae Microfinance Company Limited
- Af Microfinance Company Limited
- Afrique Capital Microfinance Limited
- Akad Microfinance Limited
- Aki Microfinance Company Limited
- All Ghana Microfinance Limited
- All Inclusive Microfinance Limited
- Alliancetrust Microfinance Limited
- Amisgold Microfinance Services Limited
- A-N Microfinance Services Limited
- A-One Trust Microfinance Services Limited
- Appiaduman Microfinance Limited
- Aspet-A Microfinance Limited
- A-Star Microfinance Limited
- Axis Direct Microfinance Company Limited
- Benkoson Microfinance Limited
- Best Microfinance Services Limited
- Bluehills Microfinance Limited
- Boafo Ne Nyame Microfinance Limited
- Bodev Microfinance Limited
- Boin Microfinance Limited
- Bonamax Microfinance Company Limited
- Brite Life Microfinance Limited
- Broadview Capital Microfinance Limited
- Capital And More Microfinance Company Limited
- Capital Connect Microfinance Limited
- Cash Multitrust Microfinance Limited
- Cashphase Microfinance Company Limited
- Cashplus Microfinance Limited
- Christian Community Microfinance Limited
- Citizen Capital Microfinance Limited
- City Credit Microfinance Limited
- Connect Capital Microfinance Limited
- Cottage Microfinance Limited
- Credability Investment And Microfinance Limited
- Crown Capital Microfinance Limited
- Crown House Microfinance Limited
- Cymain Capital Microfinance Limited
- Cypress Microfinance Company Limited
- Dahinsheli Microfinance Limited
- Daily Capital Microfinance Limited
- Datacash Microfinance Limited
- Dbm Microfinance Limited
- Delight Microfinance Company Limited
- Des Microfinance Limited
- Dolphin Microfinance Services Limited
- Donewealth Microfinance Limited
- Dove Microfinance Company Limited
- Dpf Microfinance Limited
- D-Vanc Microfinance Limited
- Dwetire Microfinance Limited
- Easyfast Microfinance Limited
- Ebenezer Microfinance Company Limited
- Eclipse Microfinance Limited
- Emefs Microfinance Limited
- Emeralf Microfinance Limited
- Emerge Microfinance Limited
- Emeton Microfinance Services Limited
- Empire Credit Microfinance Limited
- Emwl Microfinance Company Limited
- Et Microfinance Limited
- Evergreen Microfinance Limited
- Expressway Microfinance Limited
- Fast Track Capital Microfinance Limited
- Financial Republic Microfinance Company Limited
- Fino Microfinance Limited
- First Call Microfinance Company Limited
- First Liberty Microfinance Limited
- Fountaingate Microfinance Limited
- Frontier Capital Microfinance Limited
- Frontline Microfinance Limited
- Fts Capital Microfinance Limited
- Future Leaders Microfinance Limited
- Gab Microfinance Limited
- Gad Microfinance Limited
- Galaxy Microfinance Limited
- Geo Multi Microfinance Limited
- Gg Credit Microfinance Company Limited
- Ghabsy Microfinance Limited
- Giant Steps Microfinance Services Limited
- Global Feed Microfinance Limited
- Global Trust Microfinance Services Limited
- God Is Perfect Microfinance Limited
- Goldman Capital Microfinance Co. Limited
- Great Nation Microfinance Limited
- Greenfield Microfinance Services Limited
- Hegis Microfinance Limited
- Heritage Microfinance Limited
- Hodidi Microfinance Company Limited
- Home Support And Allied Microfinance Limited
- Idos Microfinance Limited
- Integrity Capital Microfinance Limited
- Jcf Consumer Microfinance Limited
- Jdc Microfinance Company Limited
- Jefam Microfinance Company Limited
- Jidai Microfinance Limited
- Jw Microfinance Limited
- Kingdave Microfinance Limited
- Kingsbridge Microfinance Limited
- Kka Empire Microfinance Limited
- Kwahu Microfinance Company Limited
- Lake View Microfinance Limited
- Legend Microfinance Co. Limited
- Liberty Dmi Microfinance Limited
- Liberty Trust Microfinance Limited
- Lj Cashplus Microfinance Limited
- Lloyds Capital Microfinance Limited
- Mace Microfinance Limited
- Masadar Microfinance Limited
- Melbond Microfinance Limited
- Meridian Microfinance Limited
- Micaid Microfinance Company Limited
- Mop Microfinance Limited
- Multi Money Microfinance Company Limited
- Multibility Microfinance Limited
- Nas Microfinance Company Limited
- Nationwide Microfinance Limited
- New Business Microfinance Limited
- New Image Microfinance Limited
- New Ways Microfinance Limited
- Nkosuo Microfinance Limited
- 1 Microfinance Company Limited
- Ofs Microfinance Company Limited
- Optimal Microfinance Limited
- Osomufo Microfinance Limited
- Oval Microfinance Limited
- Paragon Microfinance Company Limited
- Pathway Microfinance Limited
- Pearlhouse Ghana Microfinance Limited
- Peesam Microfinance Limited
- Perebrim Microfinance Company Limited
- Planet Microfinance Limited
- Planters Capital Microfinance Company Limited
- Prime Guaranty Fsl Microfinance Limited
- Primecredit Microfinance Limited
- Primus Microfinance Limited
- Prof Microfinance Limited
- Progressive Microfinance Company Limited
- Pronto Microfinance Limited
- Proseed Microfinance Company Limited
- Purpose Microfinance Limited
- Q-Star Investments & Microfinance Limited
- R&J Gateway Microfinance Services Limited
- Rancare Microfinance Limited
- Redeemer Microfinance Limited
- Renaizance Capital Solutions Microfinance Limited
- Reob Fekams Microfinance Company Limited
- Rightway Microfinance Limited
- Rivers Capital Microfinance Limited
- Ropa Microfinance Limited
- Ross Capital Microfinance Limited
- Royal Steps Microfinance Limited
- Royalty Capital Microfinance Limited
- Safenet Microfinance Limited
- Samag Microfinance Limited
- Savannah Microfinance Limited
- Savplus Microfinance Services Limited
- Silver Trust Microfinance Company Limited
- Solid Rock Microfinance Limited
- Solutions Microfinance Limited
- Sources Unlimited Microfinance Limited
- Sovereign Microfinance Limited
- Standard Trust Microfinance Limited
- Star Alliance Microfinance Limited
- Starling Microfinance Services Limited
- Startwell Microfinance Company Limited
- Supreme Trust Microfinance Limited
- The Orange Capital Microfinance
- The Rashards Microfinance Limited
- The Trustline Microfinance Company Limited
- Ti Microfinance Limited
- Total Discount Microfinance Limited
- True Life Capital Microfinance Limited
- Trust Link Microfinance Limited
- Trust Microfinance Company Limited
- Turnstar Microfinance Limited
- Unik Life Microfinance Limited
- Unique Microfinance Limited
- Unique-Mas Microfinance Company Limited
- Vision Credit Microfinance Limited
- Voa Microfinance Limited
- We Enable Microfinance Limited
- Wintrust Microfinance Limited
- Wondaland Microfinance Limited
- Yan Microfinance Company Limited
- Yeken Microfinance Limited
- Yoli Microfinance Company Limited
Microfinance Companies – Insolvent And Ceased Operations
1 72 Hours Microfinance Company Limited
2 Abis Plus Microfinance Limited
3 Acit Capital Microfinance Limited
4 Adwenpa Microfinance Limited
5 Adwumaden Microfinance Limited
6 African Trust Microfinance Limited
7 Ag Microfinance Limited
8 Agt Microfinance Company Limited
9 Allot Microfinance Company Limited
10 Arhinpa Microfinance Limited
11 Attention Microfinance Limited
12 Av Global Microfinance Limited
13 Beaconcity Microfinance Company Limited
14 Bedel Microfinance Limited
15 Bengay Microfinance Company Limited
16 Better Life Microfinance Company Limited
17 Big Dreams Microfinance Limited
18 Bik Microfinance Company Limited
19 Boatem Microfinance Limited
20 Boavole Microfinance Limited
21 Brisk Credit Microfinance Limited
22 C.I.G. Microfinance Limited
23 Capital House Microfinance Limited
24 Capital Line Microfinance Limited
25 Captains Microfinance Company Limited
26 Casablanca Microfinance Limited
27 Cashbridge Microfinance Limited
28 Cc Microfinance Limited
29 Citizens Resource Microfinance Limited
30 Comaid Microfinance Limited
31 Comba Microfinance Limited
32 Common Capital Microfinance Limited
33 Community Microfinance Limited
34 Crucial Times Microfinance Limited
35 Cypress Cedar Microfinance Company Limited
36 Daa Nhyira Microfinance Company Limited
37 Dc Microfinance Company Limited
38 Dems Microfinance Company Limited
39 Dg Capital Microfinance Limited
40 Divine Fortunes Microfinance Limited
41 Divine Microfinance Limited
42 Dwadifo Adanfo Microfinance Company Limited
43 Dynasty Microfinance Services Limited
44 Eden Microfinance Limited
45 Ekoba Get Rich Microfinance Limited
46 Elite Microfinance Limited
47 Ellis Microfinance Limited
48 Era Microfinance Services Limited
49 Excel United Microfinance Limited
50 First Fidelity Microfinance Limited
51 Flexi Microfinance Limited
52 Focus Link Microfinance Company Limited
53 Fortress Microfinance Company Limited
54 Frankaman Microfinance Company Limited
55 Giant Gait Microfinance Limited
56 G-Life Microfinance Limited
57 Global One Microfinance Company Limited
58 Gmet Microfinance Limited
59 Godigo Microfinance Limited
60 Golden Trust Microfinance Company Limited
61 Goldpot Microfinance Limited
62 Goodnews Microfinance Company Limited
63 Halal Microfinance Limited
64 High Prestige Microfinance Services Limited
65 Hog Microfinance Limited
66 Ics Microfinance Limited
67 Ik Microfinance Limited
68 Instant Microfinance Limited
69 Investsure Microfinance Limited
70 Jada Microfinance Limited
71 Jays Microfinance Limited
72 Jopat Microfinance Company Limited
73 Jorbies Microfinance Limited
74 Joyhelp Microfinance Limited
75 Joyprin Microfinance Company Limited
76 K. A. D. Microfinance Limited
77 Kanafin Microfinance Services Limited
78 Kapital Express Microfinance Company Limited
79 Karsi Microfinance Limited
80 Kenlasab Microfinance Limited
81 Kingdom Trust Microfinance Limited
82 Landmark Microfinance Limited
83 Last Chance Microfinance Company Limited
84 Latter Rain Microfinance Limited
85 Lead Capital Microfinance Limited
86 Lead Global Microfinance Limited
87 Leap Credit Microfinance Limited
88 Light Microfinance Limited
89 Liquidity Solutions Microfinance Limited
90 Liyac Microfinance Company Limited
91 Loyal Shepherd Microfinance Limited
92 Mallon Microfinance Company Limited
93 Man Capital Microfinance Company Limited
94 Mars Microfinance Limited
95 Megamitch Microfinance Limited
96 Micrene Microfinance Limited
97 Mighty Microfinance Limited
98 Mokap Microfinance Limited.
99 Moneyshop Microfinance Limited
100 Moore Naara Microfinance Limited
101 Mt Microfinance Limited
102 Nativity Microfinance Services Limited
103 Niva Microfinance Limited
104 Noble Dream Microfinance Limited
105 Obaatanpa Microfinance Company Limited
106 Obuoba Microfinance Company Limited
107 Oye Microfinance Limited
108 Panam Microfinance Company Limited
109 Pimcel Microfinance Company Limited
110 Pinnacle Microfinance Limited
111 Platinum Capital Microfinance Limited
112 Premier Microfinance Limited
113 Price Capital Microfinance Limited
114 Profit Point Microfinance Limited
115 Pro-Link Microfinance Limited
116 Prudence Microfinance Limited
117 Purple Microfinance Limited
118 Qodesh Microfinance Limited
119 Quick One Microfinance Limited
120 Reell Microfinance Limited
121 Restore Microfinance Company Limited
122 Rhokida Microfinance Limited
123 Royal Future Microfinance Limited
124 Sag Ave Maria Microfinance Company Limited
125 Say-Adsam Microfinance Limited
126 Seedshare Capital Microfinance Limited
127 Shalom Microfinance Company Limited
128 Shine Credit Microfinance Limited
129 Sica Microfinance Limited
130 Silban Capital Microfinance Limited
131 Sim Microfinance Limited
132 Skycredit Microfinance Limited
133 Skyy Creditline Microfinance Limited
134 Solution Pioneers Microfinance Company Limited
135 Ss Microfinance Limited
136 Ss Stacots Microfinance Company Limited
137 St. Mary’s Microfinance Limited
138 Stalwart Microfinance Services Limited
139 Star Plus Microfinance Limited
140 Star Wealth Microfinance Limited
141 Strategies Microfinance Services Limited
142 Sweet Jesus Microfinance Limited
143 Tbs Capital Microfinance Limited
144 The Informal Project Microfinance Company
Limited
145 Tipping Point Microfinance Limited
146 Trans Microfinance Limited
147 Turning Point Microfinance Company Limited
148 Unicorn Happy Investment Microfinance Limited
149 V-Seed Microfinance Services Limited
150 Waxson Microfinance Company Limited
151 Western Allied Microfinance Limited
152 Wetland Microfinance Limited
153 Wimac Trust Microfinance Limited
154 Wiselink Microfinance Company Limited
155 Xerox Microfinance Services Limited
