{"id":629223,"date":"2019-05-31T18:31:21","date_gmt":"2019-05-31T18:31:21","guid":{"rendered":"
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The Bank of Ghana has descended on Non-bank financial institutions as part of measures to sanitize the banking space.<\/p>\n

The central bank on Friday, May 31, 2019, announced that it had revoked the licenses of some 347 microfinance institutions in the country.<\/p>\n

It also took similar action against some 39 microcredit institutions operating in Ghana.<\/p>\n

A statement from the central bank said some of the institutions were insolvent while others had been out of operation for some time now.<\/p>\n

BoG also said it has informed the Registrar of Companies at the Registrar General\u2019s Department about the revocation and has requested that the Registrar commences \u201cwinding up proceedings against these companies.\u201d<\/p>\n

Below is the full list of the microfinance institutions whose licenses were revoked by the BoG:<\/strong><\/p>\n

Microfinance Companies \u2013 Insolvent<\/strong><\/p>\n

    \n
  1. 1st Eye Microfinance Company Limited<\/li>\n
  2. Abepa Microfinance Limited<\/li>\n
  3. Acea Microfinance Co. Limited<\/li>\n
  4. Adom Sika Microfinance Limited<\/li>\n
  5. Advalue Microfinance Limited<\/li>\n
  6. Ae Microfinance Company Limited<\/li>\n
  7. Af Microfinance Company Limited<\/li>\n
  8. Afrique Capital Microfinance Limited<\/li>\n
  9. Akad Microfinance Limited<\/li>\n
  10. Aki Microfinance Company Limited<\/li>\n
  11. All Ghana Microfinance Limited<\/li>\n
  12. All Inclusive Microfinance Limited<\/li>\n
  13. Alliancetrust Microfinance Limited<\/li>\n
  14. Amisgold Microfinance Services Limited<\/li>\n
  15. A-N Microfinance Services Limited<\/li>\n
  16. A-One Trust Microfinance Services Limited<\/li>\n
  17. Appiaduman Microfinance Limited<\/li>\n
  18. Aspet-A Microfinance Limited<\/li>\n
  19. A-Star Microfinance Limited<\/li>\n
  20. Axis Direct Microfinance Company Limited<\/li>\n
  21. Benkoson Microfinance Limited<\/li>\n
  22. Best Microfinance Services Limited<\/li>\n
  23. Bluehills Microfinance Limited<\/li>\n
  24. Boafo Ne Nyame Microfinance Limited<\/li>\n
  25. Bodev Microfinance Limited<\/li>\n
  26. Boin Microfinance Limited<\/li>\n
  27. Bonamax Microfinance Company Limited<\/li>\n
  28. Brite Life Microfinance Limited<\/li>\n
  29. Broadview Capital Microfinance Limited<\/li>\n
  30. Capital And More Microfinance Company Limited<\/li>\n
  31. Capital Connect Microfinance Limited<\/li>\n
  32. Cash Multitrust Microfinance Limited<\/li>\n
  33. Cashphase Microfinance Company Limited<\/li>\n
  34. Cashplus Microfinance Limited<\/li>\n
  35. Christian Community Microfinance Limited<\/li>\n
  36. Citizen Capital Microfinance Limited<\/li>\n
  37. City Credit Microfinance Limited<\/li>\n
  38. Connect Capital Microfinance Limited<\/li>\n
  39. Cottage Microfinance Limited<\/li>\n
  40. Credability Investment And Microfinance Limited<\/li>\n
  41. Crown Capital Microfinance Limited<\/li>\n
  42. Crown House Microfinance Limited<\/li>\n
  43. Cymain Capital Microfinance Limited<\/li>\n
  44. Cypress Microfinance Company Limited<\/li>\n
  45. Dahinsheli Microfinance Limited<\/li>\n
  46. Daily Capital Microfinance Limited<\/li>\n
  47. Datacash Microfinance Limited<\/li>\n
  48. Dbm Microfinance Limited<\/li>\n
  49. Delight Microfinance Company Limited<\/li>\n
  50. Des Microfinance Limited<\/li>\n
  51. Dolphin Microfinance Services Limited<\/li>\n
  52. Donewealth Microfinance Limited<\/li>\n
  53. Dove Microfinance Company Limited<\/li>\n
  54. Dpf Microfinance Limited<\/li>\n
  55. D-Vanc Microfinance Limited<\/li>\n
  56. Dwetire Microfinance Limited<\/li>\n
  57. Easyfast Microfinance Limited<\/li>\n
  58. Ebenezer Microfinance Company Limited<\/li>\n
  59. Eclipse Microfinance Limited<\/li>\n
  60. Emefs Microfinance Limited<\/li>\n
  61. Emeralf Microfinance Limited<\/li>\n
  62. Emerge Microfinance Limited<\/li>\n
  63. Emeton Microfinance Services Limited<\/li>\n
  64. Empire Credit Microfinance Limited<\/li>\n
  65. Emwl Microfinance Company Limited<\/li>\n
  66. Et Microfinance Limited<\/li>\n
  67. Evergreen Microfinance Limited<\/li>\n
  68. Expressway Microfinance Limited<\/li>\n
  69. Fast Track Capital Microfinance Limited<\/li>\n
  70. Financial Republic Microfinance Company Limited<\/li>\n
  71. Fino Microfinance Limited<\/li>\n
  72. First Call Microfinance Company Limited<\/li>\n
  73. First Liberty Microfinance Limited<\/li>\n
  74. Fountaingate Microfinance Limited<\/li>\n
  75. Frontier Capital Microfinance Limited<\/li>\n
  76. Frontline Microfinance Limited<\/li>\n
  77. Fts Capital Microfinance Limited<\/li>\n
  78. Future Leaders Microfinance Limited<\/li>\n
  79. Gab Microfinance Limited<\/li>\n
  80. Gad Microfinance Limited<\/li>\n
  81. Galaxy Microfinance Limited<\/li>\n
  82. Geo Multi Microfinance Limited<\/li>\n
  83. Gg Credit Microfinance Company Limited<\/li>\n
  84. Ghabsy Microfinance Limited<\/li>\n
  85. Giant Steps Microfinance Services Limited<\/li>\n
  86. Global Feed Microfinance Limited<\/li>\n
  87. Global Trust Microfinance Services Limited<\/li>\n
  88. God Is Perfect Microfinance Limited<\/li>\n
  89. Goldman Capital Microfinance Co. Limited<\/li>\n
  90. Great Nation Microfinance Limited<\/li>\n
  91. Greenfield Microfinance Services Limited<\/li>\n
  92. Hegis Microfinance Limited<\/li>\n
  93. Heritage Microfinance Limited<\/li>\n
  94. Hodidi Microfinance Company Limited<\/li>\n
  95. Home Support And Allied Microfinance Limited<\/li>\n
  96. Idos Microfinance Limited<\/li>\n
  97. Integrity Capital Microfinance Limited<\/li>\n
  98. Jcf Consumer Microfinance Limited<\/li>\n
  99. Jdc Microfinance Company Limited<\/li>\n
  100. Jefam Microfinance Company Limited<\/li>\n
  101. Jidai Microfinance Limited<\/li>\n
  102. Jw Microfinance Limited<\/li>\n
  103. Kingdave Microfinance Limited<\/li>\n
  104. Kingsbridge Microfinance Limited<\/li>\n
  105. Kka Empire Microfinance Limited<\/li>\n
  106. Kwahu Microfinance Company Limited<\/li>\n
  107. Lake View Microfinance Limited<\/li>\n
  108. Legend Microfinance Co. Limited<\/li>\n
  109. Liberty Dmi Microfinance Limited<\/li>\n
  110. Liberty Trust Microfinance Limited<\/li>\n
  111. Lj Cashplus Microfinance Limited<\/li>\n
  112. Lloyds Capital Microfinance Limited<\/li>\n
  113. Mace Microfinance Limited<\/li>\n
  114. Masadar Microfinance Limited<\/li>\n
  115. Melbond Microfinance Limited<\/li>\n
  116. Meridian Microfinance Limited<\/li>\n
  117. Micaid Microfinance Company Limited<\/li>\n
  118. Mop Microfinance Limited<\/li>\n
  119. Multi Money Microfinance Company Limited<\/li>\n
  120. Multibility Microfinance Limited<\/li>\n
  121. Nas Microfinance Company Limited<\/li>\n
  122. Nationwide Microfinance Limited<\/li>\n
  123. New Business Microfinance Limited<\/li>\n
  124. New Image Microfinance Limited<\/li>\n
  125. New Ways Microfinance Limited<\/li>\n
  126. Nkosuo Microfinance Limited<\/li>\n
  127. 1 Microfinance Company Limited<\/li>\n
  128. Ofs Microfinance Company Limited<\/li>\n
  129. Optimal Microfinance Limited<\/li>\n
  130. Osomufo Microfinance Limited<\/li>\n
  131. Oval Microfinance Limited<\/li>\n
  132. Paragon Microfinance Company Limited<\/li>\n
  133. Pathway Microfinance Limited<\/li>\n
  134. Pearlhouse Ghana Microfinance Limited<\/li>\n
  135. Peesam Microfinance Limited<\/li>\n
  136. Perebrim Microfinance Company Limited<\/li>\n
  137. Planet Microfinance Limited<\/li>\n
  138. Planters Capital Microfinance Company Limited<\/li>\n
  139. Prime Guaranty Fsl Microfinance Limited<\/li>\n
  140. Primecredit Microfinance Limited<\/li>\n
  141. Primus Microfinance Limited<\/li>\n
  142. Prof Microfinance Limited<\/li>\n
  143. Progressive Microfinance Company Limited<\/li>\n
  144. Pronto Microfinance Limited<\/li>\n
  145. Proseed Microfinance Company Limited<\/li>\n
  146. Purpose Microfinance Limited<\/li>\n
  147. Q-Star Investments & Microfinance Limited<\/li>\n
  148. R&J Gateway Microfinance Services Limited<\/li>\n
  149. Rancare Microfinance Limited<\/li>\n
  150. Redeemer Microfinance Limited<\/li>\n
  151. Renaizance Capital Solutions Microfinance Limited<\/li>\n
  152. Reob Fekams Microfinance Company Limited<\/li>\n
  153. Rightway Microfinance Limited<\/li>\n
  154. Rivers Capital Microfinance Limited<\/li>\n
  155. Ropa Microfinance Limited<\/li>\n
  156. Ross Capital Microfinance Limited<\/li>\n
  157. Royal Steps Microfinance Limited<\/li>\n
  158. Royalty Capital Microfinance Limited<\/li>\n
  159. Safenet Microfinance Limited<\/li>\n
  160. Samag Microfinance Limited<\/li>\n
  161. Savannah Microfinance Limited<\/li>\n
  162. Savplus Microfinance Services Limited<\/li>\n
  163. Silver Trust Microfinance Company Limited<\/li>\n
  164. Solid Rock Microfinance Limited<\/li>\n
  165. Solutions Microfinance Limited<\/li>\n
  166. Sources Unlimited Microfinance Limited<\/li>\n
  167. Sovereign Microfinance Limited<\/li>\n
  168. Standard Trust Microfinance Limited<\/li>\n
  169. Star Alliance Microfinance Limited<\/li>\n
  170. Starling Microfinance Services Limited<\/li>\n
  171. Startwell Microfinance Company Limited<\/li>\n
  172. Supreme Trust Microfinance Limited<\/li>\n
  173. The Orange Capital Microfinance<\/li>\n
  174. The Rashards Microfinance Limited<\/li>\n
  175. The Trustline Microfinance Company Limited<\/li>\n
  176. Ti Microfinance Limited<\/li>\n
  177. Total Discount Microfinance Limited<\/li>\n
  178. True Life Capital Microfinance Limited<\/li>\n
  179. Trust Link Microfinance Limited<\/li>\n
  180. Trust Microfinance Company Limited<\/li>\n
  181. Turnstar Microfinance Limited<\/li>\n
  182. Unik Life Microfinance Limited<\/li>\n
  183. Unique Microfinance Limited<\/li>\n
  184. Unique-Mas Microfinance Company Limited<\/li>\n
  185. Vision Credit Microfinance Limited<\/li>\n
  186. Voa Microfinance Limited<\/li>\n
  187. We Enable Microfinance Limited<\/li>\n
  188. Wintrust Microfinance Limited<\/li>\n
  189. Wondaland Microfinance Limited<\/li>\n
  190. Yan Microfinance Company Limited<\/li>\n
  191. Yeken Microfinance Limited<\/li>\n
  192. Yoli Microfinance Company Limited<\/li>\n<\/ol>\n

    Microfinance Companies \u2013 Insolvent And Ceased Operations<\/strong>
    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\u2019s 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<\/p>\n

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    \t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

    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. 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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. 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Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2019\/05\/31\/list-of-microfinance-institutions-whose-licenses-have-been-revoked\/","twitter_card":"summary_large_image","twitter_title":"List of microfinance institutions whose licenses have been revoked - Ghanamma.com","twitter_description":"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. 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