Breaking News: BoG revokes licences of 23 Savings & Loan companies

Breaking News: BoG revokes licences of 23 Savings & Loan companies

The Bank of Ghana has revoked the licences of twenty three savings and loan companies across the country. GN Bank which was downgraded to GN Saving

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The Bank of Ghana has revoked the licences of twenty three savings and loan companies across the country.

GN Bank which was downgraded to GN Saving and Loan also had its licence revoked for being insolvent.

The central bank made the announcement today.

The list is below:

LIST OF 23 INSOLVENT INSTITUTIONS WHOSE LICENCES HAVE BEEN REVOKED

1 Accent Financial Services Ltd. Finance House

2 Adom Savings and Loans Ltd. Savings and Loans Company

3 AllTime Finance Ltd. Finance House

4 Alpha Capital Savings and Loans Ltd. Savings and Loans Company

5 ASN Financial Services Ltd. Savings and Loans Company

6 CDH Savings and Loans Ltd. Savings and Loans Company

7 Commerz Savings and Loans Ltd. Savings and Loans Company

8 Crest Finance House Ltd. Finance House

9 Dream Finance Company Ltd. Finance House

10 Express Savings and Loans Company Ltd. Savings and Loans Company

11 First African Savings & Loans Company Ltd. Savings and Loans Company

12 First Allied Savings and Loans Co. Ltd. Savings and Loans Company

13 First Ghana Savings and Loans Co. Ltd. Savings and Loans Company

14 FirstTrust Savings and Loans Ltd. Savings and Loans Company

15 Global Access Savings and Loans Company Ltd. Savings and Loans Company

16 GN Savings and Loans Ltd. Savings and Loans Company

17 Ideal Finance Ltd. Finance House

18 IFS Financial Services Ltd. Finance House

19 Legacy Capital Savings and Loans Ltd. Savings and Loans Company

20 Midland Savings and Loans Company Ltd. Savings and Loans Company

21 Sterling Financial Services Ltd. Finance House

22 Unicredit Savings and Loans Ltd. Savings and Loans Company

23 Women’s World Banking Savings and Loans Co. Ltd. Savings and Loans Company

By: Efo Korsi Senyo / awakenewsroom