Trouble For Unlicensed Microfinance Firms

Dr. Kofi Wampah, Governor BoG The Central Bank says it will close down and prosecute Micro-Finance Institutions (MFI), which are operating without licence from the bank. The Bank is also collaborating with appropriate authorities to investigate MFIs, which defraud unsuspecting customers. Raymond Amanfo, Director of other Financial Institutions Supervision Department, said the Bank constantly dialogues with operators in the industry on strategic and operational issues. Mr. Amanfo […]