Here’s a full list of microfinance companies whose licences were revoked by the Bank of Ghana

On Friday, the Bank of Ghana (BoG) revoked the licences of some 347 microfinance companies.

Bank of Ghana

A statement from the bank noted that the institutions whose licences were revoked were either insolvent or had ceased operations.

The statement further explained that new measures have been put in place to ensure that existing institutions remain structurally and administratively safe enough to continue with their businesses by complying with the rules.

The Governor of the BoG, Dr Ernest Addison noted that most microfinance companies in Ghana were in crisis hence the BoG needed about GHc 7 billion to fully clean-up the sector.

About 705,396 depositors of distressed or collapsed microfinance companies and rural and community banks (RCBs) risked losing some GHC740.5 million without some form of intervention.

The BoG, however, noted that a total number of 137 microfinance companies will continue to operate.

Here’s a list of microfinance companies whose licences were revoked by the BoG

Microfinance Companies – Insolvent

1.1st Eye Microfinance Company Limited

2. Abepa Microfinance Limited

3. Acea Microfinance Co. Limited

4. Adom Sika Microfinance Limited

5. Advalue Microfinance Limited

6. Ae Microfinance Company Limited

7. Af Microfinance Company Limited

8. Afrique Capital Microfinance Limited

9. Akad Microfinance Limited

10.  Aki Microfinance Company Limited

11.  All Ghana Microfinance Limited

12.  All Inclusive Microfinance Limited

13.  Alliancetrust Microfinance Limited

14.  Amisgold Microfinance Services Limited

15.  A-N Microfinance Services Limited

16.  A-One Trust Microfinance Services Limited

17.  Appiaduman Microfinance Limited

18.  Aspet-A Microfinance Limited

19.  A-Star Microfinance Limited

20.  Axis Direct Microfinance Company Limited

21.  Benkoson Microfinance Limited

22.  Best Microfinance Services Limited

23.  Bluehills Microfinance Limited

24.  Boafo Ne Nyame Microfinance Limited

25.  Bodev Microfinance Limited

26.  Boin Microfinance Limited

27.  Bonamax Microfinance Company Limited

28.  Brite Life Microfinance Limited

29.  Broadview Capital Microfinance Limited

30.  Capital and More Microfinance Company Limited

31.  Capital Connect Microfinance Limited

32.  Cash Multitrust Microfinance Limited

33.  Cashphase Microfinance Company Limited

34.  Cashplus Microfinance Limited

35.  Christian Community Microfinance Limited

36.  Citizen Capital Microfinance Limited

37.  City Credit Microfinance Limited

38.  Connect Capital Microfinance Limited

39.  Cottage Microfinance Limited

40.  Credability Investment and Microfinance Limited

41.  Crown Capital Microfinance Limited

42.  Crown House Microfinance Limited

43.  Cymain Capital Microfinance Limited

44.  Cypress Microfinance Company Limited

45.  Dahinsheli Microfinance Limited

46.  Daily Capital Microfinance Limited

47.  Datacash Microfinance Limited

48.  Dbm Microfinance Limited

49.  Delight Microfinance Company Limited

50.  Des Microfinance Limited

51.  Dolphin Microfinance Services Limited

52.  Donewealth Microfinance Limited

53.  Dove Microfinance Company Limited

54.  Dpf Microfinance Limited

55.  D-Vanc Microfinance Limited

56.  Dwetire Microfinance Limited

57.  Easyfast Microfinance Limited

58.  Ebenezer Microfinance Company Limited

59.  Eclipse Microfinance Limited

60.  Emefs Microfinance Limited

61.  Emeralf Microfinance Limited

62.  Emerge Microfinance Limited

63.  Emeton Microfinance Services Limited

64.  Empire Credit Microfinance Limited

65.  Emwl Microfinance Company Limited

66.  Et Microfinance Limited

67.  Evergreen Microfinance Limited

68.  Expressway Microfinance Limited

69.  Fast Track Capital Microfinance Limited

70.  Financial Republic Microfinance Company Limited

71.  Fino Microfinance Limited

72.  First Call Microfinance Company Limited

73.  First Liberty Microfinance Limited

74.  Fountaingate Microfinance Limited

75.  Frontier Capital Microfinance Limited

76.  Frontline Microfinance Limited

77.  Fts Capital Microfinance Limited

78.  Future Leaders Microfinance Limited

79.  Gab Microfinance Limited

80.  Gad Microfinance Limited

81.  Galaxy Microfinance Limited

82.  Geo Multi Microfinance Limited

83.  Gg Credit Microfinance Company Limited

84.  Ghabsy Microfinance Limited

85.  Giant Steps Microfinance Services Limited

86.  Global Feed Microfinance Limited

87.  Global Trust Microfinance Services Limited

88.  God Is Perfect Microfinance Limited

89.  Goldman Capital Microfinance Co. Limited

90.  Great Nation Microfinance Limited

91.  Greenfield Microfinance Services Limited

92.  Hegis Microfinance Limited

93.  Heritage Microfinance Limited

94.  Hodidi Microfinance Company Limited

95. Home Support and Allied Microfinance Limited

96.  Idos Microfinance Limited

97.  Integrity Capital Microfinance Limited

98.  Jcf Consumer Microfinance Limited

99.  Jdc Microfinance Company Limited

100.  Jefam Microfinance Company Limited

101.  Jidai Microfinance Limited

102. Jw Microfinance Limited

103. Kingdave Microfinance Limited

104. Kingsbridge Microfinance Limited

105. Kka Empire Microfinance Limited

106. Kwahu Microfinance Company Limited

107. Lake View Microfinance Limited

108. Legend Microfinance Co. Limited

109. Liberty Dmi Microfinance Limited

110. Liberty Trust Microfinance Limited

111. Lj Cashplus Microfinance Limited

112. Lloyds Capital Microfinance Limited

113. Mace Microfinance Limited

114. Masadar Microfinance Limited

115. Melbond Microfinance Limited

116. Meridian Microfinance Limited

117. Micaid Microfinance Company Limited

118. Mop Microfinance Limited

119.  Multi Money Microfinance Company Limited

120. Multibility Microfinance Limited

121. Nas Microfinance Company Limited

122. Nationwide Microfinance Limited

123. New Business Microfinance Limited

124. New Image Microfinance Limited

125. New Ways Microfinance Limited

126.  Nkosuo Microfinance Limited

127. 1 Microfinance Company Limited

128. Ofs Microfinance Company Limited

129. Optimal Microfinance Limited

130. Osomufo Microfinance Limited

131. Oval Microfinance Limited

132.  Paragon Microfinance Company Limited

133.   Pathway Microfinance Limited

134. Pearlhouse Ghana Microfinance Limited

135. Peesam Microfinance Limited

136. Perebrim Microfinance Company Limited

137. Planet Microfinance Limited

138. Planters Capital Microfinance Company Limited

139. Prime Guaranty Fsl Microfinance Limited

140.  Primecredit Microfinance Limited

141.  Primus Microfinance Limited

142. Prof Microfinance Limited

143. Progressive Microfinance Company Limited

144. Pronto Microfinance Limited

145. Proseed Microfinance Company Limited

146. Purpose Microfinance Limited

147. Q-Star Investments & Microfinance Limited

148. R&J Gateway Microfinance Services Limited

149. Rancare Microfinance Limited

150. Redeemer Microfinance Limited

151. Renaizance Capital Solutions Microfinance Limited

152. Reob Fekams Microfinance Company Limited

153. Rightway Microfinance Limited

154. Rivers Capital Microfinance Limited

155. Ropa Microfinance Limited

156. Ross Capital Microfinance Limited

157. Royal Steps Microfinance Limited

158. Royalty Capital Microfinance Limited

159. Safenet Microfinance Limited

160. Samag Microfinance Limited

161. Savannah Microfinance Limited

162. Savplus Microfinance Services Limited

163. Silver Trust Microfinance Company Limited

164. Solid Rock Microfinance Limited

165. Solutions Microfinance Limited

166. Sources Unlimited Microfinance Limited

167.  Sovereign Microfinance Limited

168. Standard Trust Microfinance Limited

169. Star Alliance Microfinance Limited

170. Starling Microfinance Services Limited

171. Startwell Microfinance Company Limited

172. Supreme Trust Microfinance Limited

173. The Orange Capital Microfinance

174. The Rashards Microfinance Limited

175. The Trustline Microfinance Company Limited

176. Ti Microfinance Limited

177.  Total Discount Microfinance Limited

178. True Life Capital Microfinance Limited

179.  Trust Link Microfinance Limited

180. Trust Microfinance Company Limited

181.  Turnstar Microfinance Limited

182. Unik Life Microfinance Limited

183. Unique Microfinance Limited

184. Unique-Mas Microfinance Company Limited

185. Vision Credit Microfinance Limited

186. Voa Microfinance Limited

187. We Enable Microfinance Limited

188. Wintrust Microfinance Limited

189. Wondaland Microfinance Limited

190. Yan Microfinance Company Limited

191. Yeken Microfinance Limited

192. Yoli Microfinance Company Limited

Microfinance Companies – Insolvent and Ceased Operations

193. 72 Hours Microfinance Company Limited

194. Abis Plus Microfinance Limited

195. Acit Capital Microfinance Limited

196. Adwenpa Microfinance Limited

197. Adwumaden Microfinance Limited

198. African Trust Microfinance Limited

199. Ag Microfinance Limited

200. Agt Microfinance Company Limited

201. Allot Microfinance Company Limited

202. Arhinpa Microfinance Limited

203. Attention Microfinance Limited

204. Av Global Microfinance Limited

205. Beaconcity Microfinance Company Limited

206. Bedel Microfinance Limited

207. Bengay Microfinance Company Limited

208. Better Life Microfinance Company Limited

209. Big Dreams Microfinance Limited

210. Bik Microfinance Company Limited

211. Boatem Microfinance Limited

212. Boavole Microfinance Limited

213. Brisk Credit Microfinance Limited

214. C.I.G. Microfinance Limited

215. Capital House Microfinance Limited

216. Capital Line Microfinance Limited

217.  Captains Microfinance Company Limited

218. Casablanca Microfinance Limited

219. Cashbridge Microfinance Limited

220. Cc Microfinance Limited

221. Citizens Resource Microfinance Limited

222.  Comaid Microfinance Limited

223. Comba Microfinance Limited

224. Common Capital Microfinance Limited

225. Community Microfinance Limited

226. Crucial Times Microfinance Limited

227. Cypress Cedar Microfinance Company Limited

228. Daa Nhyira Microfinance Company Limited

229. Dc Microfinance Company Limited

230.  Dems Microfinance Company Limited

231. Dg Capital Microfinance Limited

232. Divine Fortunes Microfinance Limited

233. Divine Microfinance Limited

234. Dwadifo Adanfo Microfinance Company Limited

235. Dynasty Microfinance Services Limited

236. Eden Microfinance Limited

237.  Ekoba Get Rich Microfinance Limited

238. Elite Microfinance Limited

239. Ellis Microfinance Limited

240.  Era Microfinance Services Limited

241. Excel United Microfinance Limited

242. First Fidelity Microfinance Limited

243. Flexi Microfinance Limited

244. Focus Link Microfinance Company Limited

245. Fortress Microfinance Company Limited

246. Frankaman Microfinance Company Limited

247. Giant Gait Microfinance Limited

248. G-Life Microfinance Limited

249. Global One Microfinance Company Limited

250. Gmet Microfinance Limited

251. Godigo Microfinance Limited

252.  Golden Trust Microfinance Company Limited

253.  Goldpot Microfinance Limited

254. Goodnews Microfinance Company Limited

255. Halal Microfinance Limited

256. High Prestige Microfinance Services Limited

257. Hog Microfinance Limited

258. Ics Microfinance Limited

259. Ik Microfinance Limited

260. Instant Microfinance Limited

261. Investsure Microfinance Limited

262.  Jada Microfinance Limited

263.  Jays Microfinance Limited

264.  Jopat Microfinance Company Limited

265.  Jorbies Microfinance Limited

266. Joyhelp Microfinance Limited

267. Joyprin Microfinance Company Limited

268. K. A. D. Microfinance Limited

269. Kanafin Microfinance Services Limited

270. Kapital Express Microfinance Company Limited

271. Karsi Microfinance Limited

272. Kenlasab Microfinance Limited

273. Kingdom Trust Microfinance Limited

274. Landmark Microfinance Limited

275. Last Chance Microfinance Company Limited

276. Latter Rain Microfinance Limited

277. Lead Capital Microfinance Limited

278. Lead Global Microfinance Limited

279. Leap Credit Microfinance Limited

280. Light Microfinance Limited

281. Liquidity Solutions Microfinance Limited

282. Liyac Microfinance Company Limited

283. Loyal Shepherd Microfinance Limited

284. Mallon Microfinance Company Limited

285.  Man Capital Microfinance Company Limited

286.  Mars Microfinance Limited

287. Megamitch Microfinance Limited

288. Micrene Microfinance Limited

289. Mighty Microfinance Limited

290. Mokap Microfinance Limited.

291. Moneyshop Microfinance Limited

292. Moore Naara Microfinance Limited

293. Mt Microfinance Limited

294. Nativity Microfinance Services Limited

295. Niva Microfinance Limited

296. Noble Dream Microfinance Limited

297.  Obaatanpa Microfinance Company Limited

298. Obuoba Microfinance Company Limited

299. Oye Microfinance Limited

300. Panam Microfinance Company Limited

301. Pimcel Microfinance Company Limited

302. Pinnacle Microfinance Limited

303. Platinum Capital Microfinance Limited

304. Premier Microfinance Limited

305. Price Capital Microfinance Limited

306. Profit Point Microfinance Limited

307. Pro-Link Microfinance Limited

308. Prudence Microfinance Limited

309. Purple Microfinance Limited

310. Qodesh Microfinance Limited

311. Quick One Microfinance Limited

312. Reell Microfinance Limited

313. Restore Microfinance Company Limited

314. Rhokida Microfinance Limited

315. Royal Future Microfinance Limited

316.Sag Ave Maria Microfinance Company Limited

317. Say-Adsam Microfinance Limited

318. Seedshare Capital Microfinance Limited

319. Shalom Microfinance Company Limited

320. Shine Credit Microfinance Limited

321. Sica Microfinance Limited

322  Silban Capital Microfinance Limited

323. Sim Microfinance Limited

324. Skycredit Microfinance Limited

325. Skyy Creditline Microfinance Limited

326. Solution Pioneers Microfinance Company Limited

327.  Ss Microfinance Limited

328.  Ss Stacots Microfinance Company Limited

329. St. Mary’s Microfinance Limited

330. Stalwart Microfinance Services Limited

331. Star Plus Microfinance Limited

332. Star Wealth Microfinance Limited

333. Strategies Microfinance Services Limited

334. Sweet Jesus Microfinance Limited

335. Tbs Capital Microfinance Limited

336.  The Informal Project Microfinance CompanyLimited

337. Tipping Point Microfinance Limited

338. Trans Microfinance Limited

339. Turning Point Microfinance Company Limited

340. Unicorn Happy Investment Microfinance Limited

341.  V-Seed Microfinance Services Limited

342. Waxson Microfinance Company Limited

343. Western Allied Microfinance Limited

344. Wetland Microfinance Limited

345. Wimac Trust Microfinance Limited

346.  Wiselink Microfinance Company Limited

347. Xerox Microfinance Services Limited

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