These 25 savings and loans companies in Ghana are currently in good standing and are operating

The Bank of Ghana on Friday, August 16, 2019, revoked the licenses of 23 savings and loans companies as part of its measures to sanitize the financial sector.

Dr Ernest Addison, Bank of Ghana Governor
  • 25 savings and loans companies in Ghana have been left to operate currently.
  • This follows a massive clean up by the Bank of Ghana in the sector
  • The central bank said the 25 companies are in good standings and are able to meet the obligations of customers.

The central bank revealed that these companies were insolvent and could no longer meet the obligations of customers.

 It said, “It is the Bank of Ghana’s assessment that these institutions have no reasonable prospects of recovery, and that their continued existence poses severe risks to the stability of the financial system and to the interests of their depositors.”

Meanwhile, the central bank’s action left 25 savings and loans companies in good standing.

These banks are currently in good standing, according to the BoG and are able to meet the obligations of customers.

Here are the Savings and Loans Companies that are currently in good standing, according to the BoG

1.  ABii National Savings and Loans Ltd

2.  Adehyeman Savings and Loans Company Ltd.

3.  Advans Ghana Savings and Loans Ltd.

4.  Asa Savings and Loans Company Ltd.

5.  Assurance Savings and Loans Ltd.

6.  Bond Savings and Loans Ltd.

7.  Best Point Savings and Loans Ltd.

8.  Bayport Savings and Loans Plc.

9.  Direct Savings and Loans Ltd.

10. Equity Savings and Loans Ltd.

11. Golden Link Savings & Loans Ltd.

12. Golden Pride Savings and Loans Ltd.

13. Izwe Savings and Loans Ltd.

14. Jins Savings and Loans Ltd.

15. Letshego Ghana Savings and Loans Plc

16. Multi Credit Savings & Loans Co. Ltd.

17. Opportunity International Savings and Loans Co. Ltd.

18. Pacific Savings & Loans Co. Ltd.

19. Pan-African Savings and Loans Company Ltd.

20. Progress Savings and Loans Ltd.

21. Services Integrity Savings and Loans Ltd.

22. SIC Life Savings and Loans Ltd.

23. Sinapi Aba Savings and Loans Company Ltd.

24. The Seed Funds Savings and Loans Ltd.

25. Utrak Savings and Loans Ltd.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Africa’s richest man Aliko Dangote poised to overtake another Russian billionaire Vladimir Lisin on Bloomberg billionaires list

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Mzee Kibor's will made public, revealing how vast wealth and millions will be distributed

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Ini Edo posts new photos amid reports of welcoming a baby through surrogacy

Referee behind chaos at AFCON was rushed to hospital after match

Referee behind chaos at AFCON was rushed to hospital after match

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Eddie Butita speaks on his fallout with Miss Mandi, offers her a job

Africa's richest man, Aliko Dangote, adds extra $915 million to his vast wealth in Q1 2022

Africa's richest man, Aliko Dangote, adds extra $915 million to his vast wealth in Q1 2022

Zuchu forced to apologize to fans after viral video raised eyebrows

Zuchu forced to apologize to fans after viral video raised eyebrows

Willy Paul wins against Diana Marua in court

Willy Paul wins against Diana Marua in court

KDF moves to forcibly acquire Sh 500M supermarket land in Nairobi

KDF moves to forcibly acquire Sh 500M supermarket land in Nairobi