The Bank of Ghana (BoG) says about 25 Savings and Loans companies and 11 finance houses are currently in good standing and would, therefore, remain operational in the country.
READ ALSO: Here’s The Real Reason Why BOG Revoked Nduom’s GN Savings and Loan License
The BoG on Friday revoked the licences of 23 insolvent savings and loans companies and finance house companies in the country.
According to a statement from BoG, “The revocation of the licences of these institutions has become necessary because they are insolvent even after a reasonable period within which the Bank of Ghana has engaged with them in the hope that they would be recapitalized by their shareholders to return them to solvency.”
READ ALSO: From Grace to Grass: Dr Ndoum Kicked Out Of BOG’s Backyard, SEC To Takeover
Check the full list of the Savings and Loans companies in good standing below:
READ ALSO: We Have Not Received Any Official Communication From the BoG- Dr. Nduom Responds
Credit: Joy Business
Source: AfricaCelebrities.com
This website uses cookies.
Read More