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.
The BoG on Friday revoked the licences of twenty-three 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.”
Check the full list of the Savings and Loans companies in good standing below:
ABii National Savings and Loans Ltd, Adehyeman Savings and Loans Company Ltd, Advans Ghana Savings and Loans Ltd, Asa Savings and Loans Company Ltd, Assurance Savings and Loans Ltd, Bond Savings and Loans Ltd, Best Point Savings and Loans Ltd, Bayport Savings and Loans Plc, Direct Savings and Loans Ltd, Equity Savings and Loans Ltd, Golden Link Savings & Loans Ltd, Golden Pride Savings and Loans Ltd, Izwe Savings and Loans Ltd, Jins Savings and Loans Ltd, Letshego Ghana Savings and Loans Pl, Multi Credit Savings & Loans Co Ltd, Opportunity International Savings and Loans Co. Ltd, Pacific Savings & Loans Co Ltd, Pan-African Savings and Loans Company Ltd, Progress Savings and Loans Ltd, Services Integrity Savings and Loans Ltd, SIC Life Savings and Loans Ltd, Sinapi Aba Savings and Loans Company Ltd, The Seed Funds Savings and Loans Ltd, Utrak Savings and Loans Ltd.
