Bank of Ghana List of Microfinance Companies with Revoked Licences(2019)
The Bank of Ghana has revoked the licences of 347 microfinance companies today, 31st May 2019. This list comprises 155 insolvent institutions that have already ceased operations, and 192 other insolvent ones.
In addition, the licences of 39 microcredit companies (also known as money lenders) have been revoked, comprising 10 of such companies that are insolvent and have ceased operations, as well as 29 other insolvent ones.
Now that the licences of the following microfinance institutions have been revoked, they are no longer authorised to conduct microfinance or microcredit business. The affected companies will be wound up in accordance with laws of Ghana.
What happens to Depositor's Money?
The Government has made available funds to enable the Receiver - (in the person of Mr. Eric Nipah of PWC) pay depositors of the microfinance companies after their claims have been validated. Other creditors of the failed institutions will be settled by the Receiver in line with the hierarchy of creditors’ claims set.
The Receiver will in due course make an announcement with regards to when and where payments will be made.
List of the Microfinance Institutions with Revoked Licences
Microfinance Companies - Insolvent
- ST EYE MICROFINANCE COMPANY LIMITED
- ABEPA MICROFINANCE LIMITED
- ACEA MICROFINANCE CO. LIMITED
- ADOM SIKA MICROFINANCE LIMITED
- ADVALUE MICROFINANCE LIMITED
- AE MICROFINANCE COMPANY LIMITED
- AF MICROFINANCE COMPANY LIMITED
- AFRIQUE CAPITAL MICROFINANCE LIMITED
- AKAD MICROFINANCE LIMITED
- AKI MICROFINANCE COMPANY LIMITED
- ALL GHANA MICROFINANCE LIMITED
- ALL INCLUSIVE MICROFINANCE LIMITED
- ALLIANCETRUST MICROFINANCE LIMITED
- AMISGOLD MICROFINANCE SERVICES LIMITED
- A-N MICROFINANCE SERVICES LIMITED
- A-ONE TRUST MICROFINANCE SERVICES LIMITED
- APPIADUMAN MICROFINANCE LIMITED
- ASPET-A MICROFINANCE LIMITED
- A-STAR MICROFINANCE LIMITED
- AXIS DIRECT MICROFINANCE COMPANY LIMITED
- BENKOSON MICROFINANCE LIMITED
- BEST MICROFINANCE SERVICES LIMITED
- BLUEHILLS MICROFINANCE LIMITED
- BOAFO NE NYAME MICROFINANCE LIMITED
- BODEV MICROFINANCE LIMITED
- BOIN MICROFINANCE LIMITED
- BONAMAX MICROFINANCE COMPANY LIMITED
- BRITE LIFE MICROFINANCE LIMITED
- BROADVIEW CAPITAL MICROFINANCE LIMITED
- CAPITAL AND MORE MICROFINANCE COMPANY LIMITED
- CAPITAL CONNECT MICROFINANCE LIMITED
- CASH MULTITRUST MICROFINANCE LIMITED
- CASHPHASE MICROFINANCE COMPANY LIMITED
- CASHPLUS MICROFINANCE LIMITED
- CHRISTIAN COMMUNITY MICROFINANCE LIMITED
- CITIZEN CAPITAL MICROFINANCE LIMITED
- CITY CREDIT MICROFINANCE LIMITED
- CONNECT CAPITAL MICROFINANCE LIMITED
- COTTAGE MICROFINANCE LIMITED
- CREDABILITY INVESTMENT AND MICROFINANCE LIMITED
- CROWN CAPITAL MICROFINANCE LIMITED
- CROWN HOUSE MICROFINANCE LIMITED
- CYMAIN CAPITAL MICROFINANCE LIMITED
- CYPRESS MICROFINANCE COMPANY LIMITED
- DAHINSHELI MICROFINANCE LIMITED
- DAILY CAPITAL MICROFINANCE LIMITED
- DATACASH MICROFINANCE LIMITED
- DBM MICROFINANCE LIMITED
- DELIGHT MICROFINANCE COMPANY LIMITED
- DES MICROFINANCE LIMITED
- DOLPHIN MICROFINANCE SERVICES LIMITED
- DONEWEALTH MICROFINANCE LIMITED
- DOVE MICROFINANCE COMPANY LIMITED
- DPF MICROFINANCE LIMITED
- D-VANC MICROFINANCE LIMITED
- DWETIRE MICROFINANCE LIMITED
- EASYFAST MICROFINANCE LIMITED
- EBENEZER MICROFINANCE COMPANY LIMITED
- ECLIPSE MICROFINANCE LIMITED
- EMEFS MICROFINANCE LIMITED
- EMERALF MICROFINANCE LIMITED
- EMERGE MICROFINANCE LIMITED
- EMETON MICROFINANCE SERVICES LIMITED
- EMPIRE CREDIT MICROFINANCE LIMITED
- EMWL MICROFINANCE COMPANY LIMITED
- ET MICROFINANCE LIMITED
- EVERGREEN MICROFINANCE LIMITED
- EXPRESSWAY MICROFINANCE LIMITED
- FAST TRACK CAPITAL MICROFINANCE LIMITED
- FINANCIAL REPUBLIC MICROFINANCE COMPANY LIMITED
- FINO MICROFINANCE LIMITED
- FIRST CALL MICROFINANCE COMPANY LIMITED
- FIRST LIBERTY MICROFINANCE LIMITED
- FOUNTAINGATE MICROFINANCE LIMITED
- FRONTIER CAPITAL MICROFINANCE LIMITED
- FRONTLINE MICROFINANCE LIMITED
- FTS CAPITAL MICROFINANCE LIMITED
- FUTURE LEADERS MICROFINANCE LIMITED
- GAB MICROFINANCE LIMITED
- GAD MICROFINANCE LIMITED
- GALAXY MICROFINANCE LIMITED
- GEO MULTI MICROFINANCE LIMITED
- GG CREDIT MICROFINANCE COMPANY LIMITED
- GHABSY MICROFINANCE LIMITED
- GIANT STEPS MICROFINANCE SERVICES LIMITED
- GLOBAL FEED MICROFINANCE LIMITED
- GLOBAL TRUST MICROFINANCE SERVICES LIMITED
- GOD IS PERFECT MICROFINANCE LIMITED
- GOLDMAN CAPITAL MICROFINANCE CO. LIMITED
- GREAT NATION MICROFINANCE LIMITED
- GREENFIELD MICROFINANCE SERVICES LIMITED
- HEGIS MICROFINANCE LIMITED
- HERITAGE MICROFINANCE LIMITED
- HODIDI MICROFINANCE COMPANY LIMITED
- HOME SUPPORT AND ALLIED MICROFINANCE LIMITED
- IDOS MICROFINANCE LIMITED
- INTEGRITY CAPITAL MICROFINANCE LIMITED
- JCF CONSUMER MICROFINANCE LIMITED
- JDC MICROFINANCE COMPANY LIMITED
- JEFAM MICROFINANCE COMPANY LIMITED
- JIDAI MICROFINANCE LIMITED
- JW MICROFINANCE LIMITED
- KINGDAVE MICROFINANCE LIMITED
- KINGSBRIDGE MICROFINANCE LIMITED
- KKA EMPIRE MICROFINANCE LIMITED
- KWAHU MICROFINANCE COMPANY LIMITED
- LAKE VIEW MICROFINANCE LIMITED
- LEGEND MICROFINANCE CO. LIMITED
- LIBERTY DMI MICROFINANCE LIMITED
- LIBERTY TRUST MICROFINANCE LIMITED
- LJ CASHPLUS MICROFINANCE LIMITED
- LLOYDS CAPITAL MICROFINANCE LIMITED.
- MACE MICROFINANCE LIMITED
- MASADAR MICROFINANCE LIMITED
- MELBOND MICROFINANCE LIMITED
- MERIDIAN MICROFINANCE LIMITED
- MICAID MICROFINANCE COMPANY LIMITED
- MOP MICROFINANCE LIMITED
- MULTI MONEY MICROFINANCE COMPANY LIMITED
- MULTIBILITY MICROFINANCE LIMITED
- NAS MICROFINANCE COMPANY LIMITED
- NATIONWIDE MICROFINANCE LIMITED
- NEW BUSINESS MICROFINANCE LIMITED
- NEW IMAGE MICROFINANCE LIMITED
- NEW WAYS MICROFINANCE LIMITED
- NKOSUO MICROFINANCE LIMITED
- NO. 1 MICROFINANCE COMPANY LIMITED
- OFS MICROFINANCE COMPANY LIMITED
- OPTIMAL MICROFINANCE LIMITED
- OSOMUFO MICROFINANCE LIMITED
- OVAL MICROFINANCE LIMITED
- PARAGON MICROFINANCE COMPANY LIMITED
- PATHWAY MICROFINANCE LIMITED
- PEARLHOUSE GHANA MICROFINANCE LIMITED
- PEESAM MICROFINANCE LIMITED
- PEREBRIM MICROFINANCE COMPANY LIMITED
- PLANET MICROFINANCE LIMITED
- PLANTERS CAPITAL MICROFINANCE COMPANY LIMITED
- PRIME GUARANTY FSL MICROFINANCE LIMITED
- PRIMECREDIT MICROFINANCE LIMITED
- PRIMUS MICROFINANCE LIMITED
- PROF MICROFINANCE LIMITED
- PROGRESSIVE MICROFINANCE COMPANY LIMITED
- PRONTO MICROFINANCE LIMITED
- PROSEED MICROFINANCE COMPANY LIMITED
- PURPOSE MICROFINANCE LIMITED
- Q-STAR INVESTMENTS & MICROFINANCE LIMITED
- R&J GATEWAY MICROFINANCE SERVICES LIMITED
- RANCARE MICROFINANCE LIMITED
- REDEEMER MICROFINANCE LIMITED
- RENAIZANCE CAPITAL SOLUTIONS MICROFINANCE LIMITED
- REOB FEKAMS MICROFINANCE COMPANY LIMITED
- RIGHTWAY MICROFINANCE LIMITED
- RIVERS CAPITAL MICROFINANCE LIMITED
- ROPA MICROFINANCE LIMITED
- ROSS CAPITAL MICROFINANCE LIMITED
- ROYAL STEPS MICROFINANCE LIMITED
- ROYALTY CAPITAL MICROFINANCE LIMITED
- SAFENET MICROFINANCE LIMITED
- 160 SAMAG MICROFINANCE LIMITED
- SAVANNAH MICROFINANCE LIMITED
- SAVPLUS MICROFINANCE SERVICES LIMITED
- SILVER TRUST MICROFINANCE COMPANY LIMITED
- SOLID ROCK MICROFINANCE LIMITED
- SOLUTIONS MICROFINANCE LIMITED
- SOURCES UNLIMITED MICROFINANCE LIMITED
- SOVEREIGN MICROFINANCE LIMITED
- STANDARD TRUST MICROFINANCE LIMITED
- STAR ALLIANCE MICROFINANCE LIMITED
- STARLING MICROFINANCE SERVICES LIMITED
- STARTWELL MICROFINANCE COMPANY LIMITED
- SUPREME TRUST MICROFINANCE LIMITED
- THE ORANGE CAPITAL MICROFINANCE
- THE RASHARDS MICROFINANCE LIMITED
- THE TRUSTLINE MICROFINANCE COMPANY LIMITED
- TI MICROFINANCE LIMITED
- TOTAL DISCOUNT MICROFINANCE LIMITED
- TRUE LIFE CAPITAL MICROFINANCE LIMITED
- TRUST LINK MICROFINANCE LIMITED
- TRUST MICROFINANCE COMPANY LIMITED
- TURNSTAR MICROFINANCE LIMITED
- UNIK LIFE MICROFINANCE LIMITED
- UNIQUE MICROFINANCE LIMITED
- UNIQUE-MAS MICROFINANCE COMPANY LIMITED
- VISION CREDIT MICROFINANCE LIMITED
- VOA MICROFINANCE LIMITED
- WE ENABLE MICROFINANCE LIMITED
- WINTRUST MICROFINANCE LIMITED
- WONDALAND MICROFINANCE LIMITED
- YAN MICROFINANCE COMPANY LIMITED
- YEKEN MICROFINANCE LIMITED
- YOLI MICROFINANCE COMPANY LIMITED
Microfinance Companies – Insolvent and Ceased Operations
- 72 HOURS MICROFINANCE COMPANY LIMITED
- ABIS PLUS MICROFINANCE LIMITED
- ACIT CAPITAL MICROFINANCE LIMITED
- ADWENPA MICROFINANCE LIMITED
- ADWUMADEN MICROFINANCE LIMITED
- AFRICAN TRUST MICROFINANCE LIMITED
- AG MICROFINANCE LIMITED
- AGT MICROFINANCE COMPANY LIMITED
- ALLOT MICROFINANCE COMPANY LIMITED
- ARHINPA MICROFINANCE LIMITED
- ATTENTION MICROFINANCE LIMITED
- AV GLOBAL MICROFINANCE LIMITED
- BEACONCITY MICROFINANCE COMPANY LIMITED
- BEDEL MICROFINANCE LIMITED
- BENGAY MICROFINANCE COMPANY LIMITED
- BETTER LIFE MICROFINANCE COMPANY LIMITED
- BIG DREAMS MICROFINANCE LIMITED
- BIK MICROFINANCE COMPANY LIMITED
- BOATEM MICROFINANCE LIMITED
- BOAVOLE MICROFINANCE LIMITED
- BRISK CREDIT MICROFINANCE LIMITED
- C.I.G. MICROFINANCE LIMITED
- CAPITAL HOUSE MICROFINANCE LIMITED
- CAPITAL LINE MICROFINANCE LIMITED
- CAPTAINS MICROFINANCE COMPANY LIMITED
- CASABLANCA MICROFINANCE LIMITED
- CASHBRIDGE MICROFINANCE LIMITED
- CC MICROFINANCE LIMITED
- CITIZENS RESOURCE MICROFINANCE LIMITED
- COMAID MICROFINANCE LIMITED
- COMBA MICROFINANCE LIMITED
- COMMON CAPITAL MICROFINANCE LIMITED
- COMMUNITY MICROFINANCE LIMITED
- CRUCIAL TIMES MICROFINANCE LIMITED
- CYPRESS CEDAR MICROFINANCE COMPANY LIMITED
- DAA NHYIRA MICROFINANCE COMPANY LIMITED
- DC MICROFINANCE COMPANY LIMITED
- DEMS MICROFINANCE COMPANY LIMITED
- DG CAPITAL MICROFINANCE LIMITED
- DIVINE FORTUNES MICROFINANCE LIMITED
- DIVINE MICROFINANCE LIMITED
- DWADIFO ADANFO MICROFINANCE COMPANY LIMITED
- DYNASTY MICROFINANCE SERVICES LIMITED
- EDEN MICROFINANCE LIMITED
- EKOBA GET RICH MICROFINANCE LIMITED
- ELITE MICROFINANCE LIMITED
- ELLIS MICROFINANCE LIMITED
- ERA MICROFINANCE SERVICES LIMITED
- EXCEL UNITED MICROFINANCE LIMITED
- FIRST FIDELITY MICROFINANCE LIMITED
- FLEXI MICROFINANCE LIMITED
- FOCUS LINK MICROFINANCE COMPANY LIMITED
- FORTRESS MICROFINANCE COMPANY LIMITED
- FRANKAMAN MICROFINANCE COMPANY LIMITED
- GIANT GAIT MICROFINANCE LIMITED
- G-LIFE MICROFINANCE LIMITED
- GLOBAL ONE MICROFINANCE COMPANY LIMITED
- GMET MICROFINANCE LIMITED
- GODIGO MICROFINANCE LIMITED
- GOLDEN TRUST MICROFINANCE COMPANY LIMITED
- GOLDPOT MICROFINANCE LIMITED
- GOODNEWS MICROFINANCE COMPANY LIMITED
- HALAL MICROFINANCE LIMITED
- HIGH PRESTIGE MICROFINANCE SERVICES LIMITED
- HOG MICROFINANCE LIMITED
- ICS MICROFINANCE LIMITED
- IK MICROFINANCE LIMITED
- INSTANT MICROFINANCE LIMITED
- INVESTSURE MICROFINANCE LIMITED
- JADA MICROFINANCE LIMITED
- JAYS MICROFINANCE LIMITED
- JOPAT MICROFINANCE COMPANY LIMITED
- JORBIES MICROFINANCE LIMITED
- JOYHELP MICROFINANCE LIMITED
- JOYPRIN MICROFINANCE COMPANY LIMITED
- K. A. D. MICROFINANCE LIMITED
- KANAFIN MICROFINANCE SERVICES LIMITED
- KAPITAL EXPRESS MICROFINANCE COMPANY LIMITED
- KARSI MICROFINANCE LIMITED
- KENLASAB MICROFINANCE LIMITED
- KINGDOM TRUST MICROFINANCE LIMITED
- LANDMARK MICROFINANCE LIMITED
- LAST CHANCE MICROFINANCE COMPANY LIMITED
- LATTER RAIN MICROFINANCE LIMITED
- LEAD CAPITAL MICROFINANCE LIMITED
- LEAD GLOBAL MICROFINANCE LIMITED
- LEAP CREDIT MICROFINANCE LIMITED
- LIGHT MICROFINANCE LIMITED
- LIQUIDITY SOLUTIONS MICROFINANCE LIMITED
- LIYAC MICROFINANCE COMPANY LIMITED
- LOYAL SHEPHERD MICROFINANCE LIMITED
- MALLON MICROFINANCE COMPANY LIMITED
- MAN CAPITAL MICROFINANCE COMPANY LIMITED
- MARS MICROFINANCE LIMITED
- MEGAMITCH MICROFINANCE LIMITED
- MICRENE MICROFINANCE LIMITED
- MIGHTY MICROFINANCE LIMITED
- MOKAP MICROFINANCE LIMITED
- MONEYSHOP MICROFINANCE LIMITED
- MOORE NAARA MICROFINANCE LIMITED
- MT MICROFINANCE LIMITED
- NATIVITY MICROFINANCE SERVICES LIMITED
- NIVA MICROFINANCE LIMITED
- NOBLE DREAM MICROFINANCE LIMITED
- OBAATANPA MICROFINANCE COMPANY LIMITED
- OBUOBA MICROFINANCE COMPANY LIMITED
- OYE MICROFINANCE LIMITED
- PANAM MICROFINANCE COMPANY LIMITED
- PIMCEL MICROFINANCE COMPANY LIMITED
- PINNACLE MICROFINANCE LIMITED
- PLATINUM CAPITAL MICROFINANCE LIMITED
- PREMIER MICROFINANCE LIMITED
- PRICE CAPITAL MICROFINANCE LIMITED
- PROFIT POINT MICROFINANCE LIMITED
- PRO-LINK MICROFINANCE LIMITED
- PRUDENCE MICROFINANCE LIMITED
- PURPLE MICROFINANCE LIMITED
- QODESH MICROFINANCE LIMITED
- QUICK ONE MICROFINANCE LIMITED
- REELL MICROFINANCE LIMITED
- RESTORE MICROFINANCE COMPANY LIMITED
- RHOKIDA MICROFINANCE LIMITED
- 123 ROYAL FUTURE MICROFINANCE LIMITED
- SAG AVE MARIA MICROFINANCE COMPANY LIMITED
- SAY-ADSAM MICROFINANCE LIMITED
- SEEDSHARE CAPITAL MICROFINANCE LIMITED
- SHALOM MICROFINANCE COMPANY LIMITED
- SHINE CREDIT MICROFINANCE LIMITED
- SICA MICROFINANCE LIMITED
- SILBAN CAPITAL MICROFINANCE LIMITED
- SIM MICROFINANCE LIMITED
- SKYCREDIT MICROFINANCE LIMITED
- SKYY CREDITLINE MICROFINANCE LIMITED
- SOLUTION PIONEERS MICROFINANCE COMPANY LIMITED
- SS MICROFINANCE LIMITED
- SS STACOTS MICROFINANCE COMPANY LIMITED
- ST. MARY'S MICROFINANCE LIMITED
- STALWART MICROFINANCE SERVICES LIMITED
- STAR PLUS MICROFINANCE LIMITED
- STAR WEALTH MICROFINANCE LIMITED
- STRATEGIES MICROFINANCE SERVICES LIMITED
- SWEET JESUS MICROFINANCE LIMITED
- TBS CAPITAL MICROFINANCE LIMITED
- THE INFORMAL PROJECT MICROFINANCE COMPANY LIMITED
- TIPPING POINT MICROFINANCE LIMITED
- TRANS MICROFINANCE LIMITED
- TURNING POINT MICROFINANCE COMPANY LIMITED
- UNICORN HAPPY INVESTMENT MICROFINANCE LIMITED
- V-SEED MICROFINANCE SERVICES LIMITED
- WAXSON MICROFINANCE COMPANY LIMITED
- WESTERN ALLIED MICROFINANCE LIMITED
- WETLAND MICROFINANCE LIMITED
- WIMAC TRUST MICROFINANCE LIMITED
- WISELINK MICROFINANCE COMPANY LIMITED
- XEROX MICROFINANCE SERVICES LIMITED
Microcredit Companies - Insolvent
- Allied Wealth Money Lending Limited
- Bennet Money Lending Limited
- Bremco Money Lending Company Limited
- Calmad Money Lending Company Limited
- Catamount Finance Money Lending Limited
- Citizens Money Lending Limited
- Divine Announcement Money Lending
- Fountain Money Lending Services Limited
- GDFS Money Lending Limited
- GFI Capital Management Money Lending Limited
- Great Africa Money Lending Limited
- Hatmag Money Lending Limited
- Haubins Money Lending Limited
- Index Money Lending Limited
- KAF Investment Money Lending Limited
- KBN Money Lending Limited
- KYC Money Lending Limited
- McOttley Money Lending Limited
- N&J Money Lending Limited
- Obrapa Money Lending Limited
- One2One Money Lending Services Limited
- Orbit Money Lending Co. Limited
- Pitsea Ways Money Lenders Limited
- P-Mag Investment Money Lending Services Limited
- Sat Finance Money Lending Limited
- Shammah Capital Money Lending Limited
- SNJ Money Lending Limited
- Uni-focus Money Lending Limited
- Zeta Money Lending Limited
Microcredit Companies - Insolvent and Ceased Operations
- Boafo Yena Money Lending Limited
- CFI Money Lending Limited
- CIF Money Lending
- First Assurance Money Lending Services Limited
- Global Point Investment and Money Lending Services Limited
- Intelligent Money Lending Company Limited
- Kan Money Lending Company Limited
- PD PAG Money Lending Limited
- R.P.I.C. Money Lending Services Limited
- TCP Money Lending Limited