Friday
January 20
2017

Legitimate MFIs to Be Distinguished By Logo in Ghana

The Ghana Association of Microfinance Companies (GAMC) is to introduce a corporate signage for all licensed institutions in the sector by mid-2017. The signage, which would be present at the premises of all registered microfinance institutions in the country from January, is to help the public identify licensed companies to do business with.

“What happened in the past has given us a lot of opportunity to assess how best we can operate. Out of the lessons learnt, we have strategised for the year. One of the key things that is going to happen this year is the use of a common signage which the association and the Ghana Microfinance Institutions Network (GHAMFIN) have agreed with the Bank of Ghana to implement,” he said.

He said, “every microfinance institution with the exception of the rural banks and the savings and loans are going to have a common signage in front of their offices. The idea is to help identify the licensed ones and to differentiate between licensed institutions and the unlicensed ones.”

Source: Graphic (link opens in a new window)

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Tags
banking, microfinance