Tag: Microfinance
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BoG closes down two institutions for operating illegally
The Bank of Ghana (BoG) has halted the operations of two financial institutions for operating illegally. The two are; Agro Development Fund Services Limited (ADFSL) and Hebron Financial Investment Limited (HFIL). According to the central bank, the two institutions have been operating as an unlicensed microfinance and unauthorised online foreign exchange trading business respectively. A…
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BoG pins down illegal microfinance company in Sunyani
The Bank of Ghana has cautioned the public against investing with an unlicensed microfinance company; Agro Development Fund Services Limited. The company is reported to be operating from its office located at A67/3, Asufufu, opposite the Sunyani Traditional Council, Sunyani. A statement from the central bank and signed by its Secretary, Caroline Otoo said the…
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Solving funding needs of SMEs will curb unemployment in Ghana – Prof. Aryeetey
Former Vice Chancellor of the University of Ghana, Professor Ernest Aryeetey has advocated innovative measures in meeting the funding needs of Small and Medium Enterprises (SMEs) in the country. Professor Aryeetey argues that the country could significantly reduce the alarming unemployment rate should SMEs grow and create more jobs for the teeming unemployed youth. He…