About 500 members of Micro-Credit Association of Ghana will not meet the deadline for the minimum capital requirement. Results of a research supported by Business Sector Advocacy Challenge (BUSAC) in Kumasi revealed about 80 per cent of over 680 members of the association cannot meet the requirements. Leadership of the association are calling for what … Read more
OVER 50 Money Lending Businesses across the southern belt of Ghana have benefited from Opportunity International Savings and Loans Limited’s (OISL) Risk Management and Financial Reporting Training. The multiple award winning Savings and Loans Company acting according to one of their core objectives of imparting financial knowledge, held the training to improve the capacity of … Read more
The hierarchy of the Money Lenders Association of Ghana (MLAG) has encouraged members of the Association to adopt credit reference bureaus as a strategic response to the high rate of loan defaults, which have caused significant losses among the lenders. This, the National Board Chair of the Money Lenders Association of Ghana, Regina Kumi, said … Read more
The Ghana Association of Microfinance Companies (GAMC) is tightening its operational loopholes to help rid the industry of unscrupulous institutions that defraud customers. The association said it was collaborating with the Bank of Ghana (BoG) to address the issue of licensing in the industry, as well as reviewing its membership processes to ensure that due … Read more