Ghana to limit microfinance licenses

Thursday, January 16, 2014

Currently, Bank of Ghana has certified and approved over 340 microfinance companies whiles about 600 applicants await approval.

The Central Bank recently created the Other Financial Institutions Supervisory Department to deal specifically with this rapidly-expanding financial sub-sector.

Source: Spy Ghana (link opens in a new window)

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governance, microcredit, microfinance