micro-finance institution

DKM Customers Urged To Sue BoG

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The chief executive officer of Consumer Protection Agency, Kofi Kapito is urging aggrieved customers of DKM Microfinance Company to sue the Bank of Ghana. Speaking to Onua Business News, he explained that the central bank shirked its responsibilities of playing a supervisory and regulatory role, which he said has resulted in a crisis. He faulted … Read more

Banks Are Weak

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The country’s financial sector remains relatively weak and elementary after more than a century of financial services provision, Kweku Bedu-Addo, Chief Executive Officer of the Standard Chartered Bank has said. There are about 32 universal banks in the country, more than 30 Savings and Loan companies and close to 500 micro-finance institution in the country. … Read more