Month: October 2019

micro

96 branches of the 347 microfinance companies placed into receivership remain open for receivership business

96 branches of the 347 microfinance companies placed into receivership remain open for receivership business GREATER ACCRA No. Branches of Microfinance Companies to be maintained Location of Maintained Branch Region   GREATER ACCRA REGION     1 ACEA Microfinance Co. Limited Opposite Amasaman Community Hospital, Amasaman Greater Accra 2 Adom Sika Microfinance Limited 52 Mango Tree Avenue opposite Rima House; Asylum Down Accra Greater Accra 3 AGT Microfinance Company Limited Nungua Greater Accra 4 Best Microfinance Services Limited No. 13/Mkt A/36 Sakumono near the SSNIT Flats on the Sakumono Community Hospital road Greater Accra 5 Broadview Capital Microfinance Limited Okaishie Greater Accra 6 Broadview Capital Microfinance Limited Tema Comm 1 Greater Accra 7 C.I.G. Microfinance Limited Opposite Stanchart-Tesano Greater Accra 8 Capital and More Microfinance Company Limited Adjacent Agodae Enterprise, Mallam Greater Accra 9 Christian Community Microfinance Limited Opposite Las Palmas, Dansoman Greater Accra 10 Christian Community Microfinance Limited Near ADB Bank; Mallam Atta Greater Accra 11 Christian Community Microfinance Limited Near Shell Filling Station; Odorkor Greater Accra 12 Christian Community Microfinance Limited Dzorwulu; George Bush Highway; near Fiesta Royal hotel) Greater Accra 13 Christian Community Microfinance Limited La -Opposite Trade Fair Greater Accra 14 Christian Community Microfinance Limited Near Danny’s Bridal Home, Tema Comm 1 Greater Accra 15 Cymain Capital Microfinance Limited Near the Seed Funds, Kaneshie Greater Accra 16 Cypress Microfinance Company Limited Near Bluecrest College Hostel; Olympic Road; Kokomlemle; Accra Greater Accra 17 Dolphin Microfinance Services Limited Tema Comm.4; Thorkey house – Head Office Greater Accra 18 Dwadifo Adanfo Microfinance Company Limited Near Eazi Bet, Accra New Town Greater Accra 19 Empire Credit Microfinance Limited Tema, Community 18, Near DSTV Greater Accra 20 EMWL crofinance Company Limited Opposite Ghana Multimedia Centre; No.3&4 City Carpark High st. Accra Greater Accra 21 ExpressWay Microfinance Limited Tudu Greater Accra 22 ExpressWay Microfinance Limited Kantamanto Market; near Tarzan house Greater Accra 23 Fast Track Capital Microfinance Limited Near MTN, Dansoman Greater Accra 24 Frontier Capital Microfinance Limited No. 11 Swanzy Shopping Arcade; Accra Greater Accra 25 FTS Capital Microfinance Limited Near NY Ventures, Tema Community 17 Greater Accra 26 Goldman Capital Microfinance Company Limited Dansoman Last stop Greater Accra 27 Goldman Capital Microfinance Company Limited Achimota, near ABC junction foot bridge, Achimota Nsawam Road Greater Accra 28 Goldman Capital Microfinance Company Limited Near New Acme Trust Money Lending Services, Lapaz Greater Accra 29 Good News Microfinance Company Ltd Salem Avenue, Osu Greater Accra 30 Good News Microfinance Company Ltd Near Premier Bet, Teshie Greater Accra 31 Integrity Capital Microfinance Limited Hno. 79B SSNIT Greda Estate Teshie / Spintex near shell sign board traffic light – Hydrafoam Estate Greater Accra 32 Jefam Microfinance Company Limited Near DHL Agency, Adenta Greater Accra 33 Jidai Microfinance Limited No. 241; Ritz Junction-Agbogba Road – Madina Greater Accra 34 Legend Microfinance Company Ltd Near Verbs, Madina Greater Accra 35 Melbond Microfinance Limited Near Pokuasi – Odorkor Station, Pokuasi Greater Accra 36 Melbond Microfinance Limited Near Palace 1 Total Service Station; Awudome Estaes (House No. B179/9 Oshiapen street) Greater Accra 37 Melbond Microfinance Limited Kaneshie behind the Divisonal Police Station. Greater Accra 38 Meridian Microfinance Limited Esconido Building (Hse No. 12/13 B10); Community 10; Tema and along the Rev Odoi street close to Shadows spot Greater Accra 39 Multibility Microfinance Limited Ajirigano high street; ABILITY SQUARE; Adjacent the STAR OIL depot Greater Accra 40 Multibility Microfinance Limited Nungua Last Stop Greater Accra 41 Multibility Microfinance Limited Near Shell Fuel Station, Ashaiman Greater Accra 42 Nationwide Microfinance Limited Oposite United Progressive Party Building; Darkuman Nyamekye Greater Accra 43 Nkosuo Microfinance Limiited Adjacent DFID Ghana, Ring Road Greater Accra 44 Paragon Microfinance Company Limited Anyaa Market; close to the ICGC church Greater Accra 45 Prime Guranty FSL Microfinance Limited 323 Haatso Road; North Legon; Opposite Enoch Missions International Head office Greater Accra 46 PRIMUS MICROFINANCE LIMITED Sonnidom Hse. Achimota St John Rd on top of Barclays bank Greater Accra 47 Reob Fekams Microfinance Company Limited Adjacent Comfort Cafe & Restaurant; C239/3 Paradise Street; Asylum Down Greater Accra 48 Rightway Microfinance Limited Achimota ABC Junction Greater Accra 49 Ross Capital Microfinance Limited Near Ghana Car Rentals, Asylum Down Greater Accra 50 Silver Trust Microfinance Company Limited Near Engen Fuel Station; Adabraka Greater Accra 51 The Trust Line Microfinance Company Limited Farrar Avenue Adabraka; 1st floor of a storey building (C122/3) opposite PKF (International Auditors) office Greater Accra 52 True Life Capital Microfinance Limited Above Speedline Driving School; Dome-Kwabenya Road Greater Accra ASHANTI REGION No. Branches of Microfinance Companies to be maintained Location of Maintained Branch Region   ASHANTI REGION     53 A-One Trust Microfinance Services Limited Cultural Centre; Kumasi Ashanti 54 Christian Community Microfinance Limited Bohyen; close to Ampabame Clinic Ashanti 55 Dolphin Microfinance Services Limited Kumasi; Ahodwo; Opposite UniBank, 113 Melcom Road Ashanti 56 FTS Capital Microfinance Limited Obuasi; Adjacent Multi Credit Savings and Loans Ashanti 57 Ghabsy Microfinance Limited Suame; Behind Superb Auto Parts Ashanti 58 Ghabsy Microfinance Limited Bibiani Rd.; Adjacent Star Assurance Co. Ltd. Ashanti 59 Lake View Microfinance Limited Atonsu Ashanti 60 Lake View Microfinance Limited Jachie (Lake Bosumtwi Road); Adjacent Blue Ghanita Pub Ashanti 61 Melbond Microfinance Limited Affulnkwanta; Kumasi; Opposite Total Filling Station Ashanti 62 Planet Microfinance Limited Opposite VIP station; Asafo; Kumasi Ashanti 63 Purpose Microfinance Limited Atonso; Sawmill Junction Ashanti 64 Standard Trust Microfinance Limited 219 Bantama High St.; Opposite Pharmax (Gh.) Ltd. Ashanti 65 Standard Trust Microfinance Limited Ist Floor Inside Jakwapo Building, Central Market opposite Adare catlass Ashanti 66 We Enable Microfinance Limited Opposite TheMampong MP’s office; Ashanti-Mampong Ashanti BONO AHAFO No. Branches of Microfinance Companies to be maintained Location of Maintained Branch Region   BONO AHAFO     67 Christian Community Microfinance Limited Opposite ASA Savings & Loans, Techiman Brong Ahafo 68 Frankaman Microfinance Company Limited Berekum Brong Ahafo 69 GAB Microfinance Limited 4th floor of Cocoabod Building. Sunyani. Brong Ahafo 70 Samag Microfinance Limited H/N 50; Nkwantanan; near Krontihene Palace; Offuman Junction; Tuobodom Brong Ahafo CENTRAL REGION No. Branches of Microfinance Companies to be maintained

GOVERNOR

Notice of Revocation

Accra, Ghana, May 31, 2019 – The Bank of Ghana has, with effect from today, revoked the licences of 192 insolvent microfinance companies (see attached list). In addition, licences of another 155 insolvent microfinance companies that have ceased operations (see attached list) have been revoked.

market

Press Release

The Receiver has designated 96 branches of the 347 MicroFinance Companies (MFCs) placed into receivership as operational branches, to serve the customers of these institutions as well as the customers of other MFCs whose licenses have been revoked. This means that, the Receiver’s team will cease to operate from any branch of the affected MFCs which has not been listed.