Customers of Microfinance company DKM Diamond are expected to start receiving their deposits from next month. It follows the completion of works by PWC, the firm appointed by the Registrar-General to review the assets of DKM that can be sold to pay the customers of DKM. The Registrar General’s Department will however from today, September … 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
The Abeka Branch Manager of Pan African Savings and Loans, Kwame Frimpong Opoku has assured customers of the security of their deposits in a bid to win the trust of people in the operations of non-bank financial institutions. The comment comes on the back of the seemingly lack of confidence in the financial sector by … Read more
The Financial Inclusion Advocacy Centre, in collaboration with the Ghana Microfinance Institutions Network (GHAMFIN), is set to establish a financial inclusion fund that will provide cheap lending funds to microfinance institutions and rural banks. This is expected to deepen financial inclusion in the country as more businesses can source for loans from these microfinance institutions … Read more
Citi Business News can confirm customers of DKM Diamond Microfinance limited will begin receiving their locked up investments by the end of this month – September, 2016. The payment will be made by the Registrar-General’s Department which is the official liquidator of DKM. Over 70,000 customers have so far been validated to receive their locked … Read more
“… Things are never as complicated as they seem. It is only our arrogance that prompts us to find unnecessary complicated answers to simple problems.” The preceding words by Professor Muhammed Yunus, a nobel laureate and the originator of the microfinance concept, could not have been more sensible. More often than not the solution to … Read more