Dr Ernest Addison, BoG Governor

The Bank of Ghana on Friday, May 31, 2019 said it had revoked the operating license of some 347 microfinance companies in the country.

One-hundred-and-fifty–five companies had already ceased operations due to insolvency, while 192 had their license revoked on Friday.

Below is the list:

Name of institution

  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. NO. 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

  1. ABIS PLUS MICROFINANCE LIMITED
  2. ACIT CAPITAL MICROFINANCE LIMITED
  3. ADWENPA MICROFINANCE LIMITED
  4. ADWUMADEN MICROFINANCE LIMITED
  5. AFRICAN TRUST MICROFINANCE LIMITED
  6. AG MICROFINANCE LIMITED
  7. AGT MICROFINANCE COMPANY LIMITED
  8. ALLOT MICROFINANCE COMPANY LIMITED
  9. ARHINPA MICROFINANCE LIMITED
  10. ATTENTION MICROFINANCE LIMITED
  11. AV GLOBAL MICROFINANCE LIMITED
  12. BEACONCITY MICROFINANCE COMPANY LIMITED
  13. BEDEL MICROFINANCE LIMITED
  14. BENGAY MICROFINANCE COMPANY LIMITED
  15. BETTER LIFE MICROFINANCE COMPANY LIMITED
  16. BIG DREAMS MICROFINANCE LIMITED
  17. BIK MICROFINANCE COMPANY LIMITED
  18. BOATEM MICROFINANCE LIMITED
  19. BOAVOLE MICROFINANCE LIMITED
  20. BRISK CREDIT MICROFINANCE LIMITED
  21. C.I.G. MICROFINANCE LIMITED
  22. CAPITAL HOUSE MICROFINANCE LIMITED
  23. CAPITAL LINE MICROFINANCE LIMITED
  24. CAPTAINS MICROFINANCE COMPANY LIMITED
  25. CASABLANCA MICROFINANCE LIMITED
  26. CASHBRIDGE MICROFINANCE LIMITED
  27. CC MICROFINANCE LIMITED
  28. CITIZENS RESOURCE MICROFINANCE LIMITED
  29. COMAID MICROFINANCE LIMITED
  30. COMBA MICROFINANCE LIMITED
  31. COMMON CAPITAL MICROFINANCE LIMITED
  32. COMMUNITY MICROFINANCE LIMITED
  33. CRUCIAL TIMES MICROFINANCE LIMITED
  34. CYPRESS CEDAR MICROFINANCE COMPANY LIMITED
  35. DAA NHYIRA MICROFINANCE COMPANY LIMITED
  36. DC MICROFINANCE COMPANY LIMITED
  37. DEMS MICROFINANCE COMPANY LIMITED
  38. DG CAPITAL MICROFINANCE LIMITED
  39. DIVINE FORTUNES MICROFINANCE LIMITED
  40. DIVINE MICROFINANCE LIMITED
  41. DWADIFO ADANFO MICROFINANCE COMPANY LIMITED
  42. DYNASTY MICROFINANCE SERVICES LIMITED
  43. EDEN MICROFINANCE LIMITED
  44. EKOBA GET RICH MICROFINANCE LIMITED
  45. ELITE MICROFINANCE LIMITED
  46. ELLIS MICROFINANCE LIMITED
  47. ERA MICROFINANCE SERVICES LIMITED
  48. EXCEL UNITED MICROFINANCE LIMITED
  49. FIRST FIDELITY MICROFINANCE LIMITED
  50. FLEXI MICROFINANCE LIMITED
  51. FOCUS LINK MICROFINANCE COMPANY LIMITED
  52. FORTRESS MICROFINANCE COMPANY LIMITED
  53. FRANKAMAN MICROFINANCE COMPANY LIMITED
  54. GIANT GAIT MICROFINANCE LIMITED
  55. G-LIFE MICROFINANCE LIMITED
  56. GLOBAL ONE MICROFINANCE COMPANY LIMITED
  57. GMET MICROFINANCE LIMITED
  58. GODIGO MICROFINANCE LIMITED
  59. GOLDEN TRUST MICROFINANCE COMPANY LIMITED
  60. GOLDPOT MICROFINANCE LIMITED
  61. GOODNEWS MICROFINANCE COMPANY LIMITED
  62. HALAL MICROFINANCE LIMITED
  63. HIGH PRESTIGE MICROFINANCE SERVICES LIMITED
  64. HOG MICROFINANCE LIMITED
  65. ICS MICROFINANCE LIMITED
  66. IK MICROFINANCE LIMITED
  67. INSTANT MICROFINANCE LIMITED
  68. INVESTSURE MICROFINANCE LIMITED
  69. JADA MICROFINANCE LIMITED
  70. JAYS MICROFINANCE LIMITED
  71. JOPAT MICROFINANCE COMPANY LIMITED
  72. JORBIES MICROFINANCE LIMITED
  73. JOYHELP MICROFINANCE LIMITED
  74. JOYPRIN MICROFINANCE COMPANY LIMITED
  75. K. A. D. MICROFINANCE LIMITED
  76. KANAFIN MICROFINANCE SERVICES LIMITED
  77. KAPITAL EXPRESS MICROFINANCE COMPANY LIMITED
  78. KARSI MICROFINANCE LIMITED
  79. KENLASAB MICROFINANCE LIMITED
  80. KINGDOM TRUST MICROFINANCE LIMITED
  81. LANDMARK MICROFINANCE LIMITED
  82. LAST CHANCE MICROFINANCE COMPANY LIMITED
  83. LATTER RAIN MICROFINANCE LIMITED
  84. LEAD CAPITAL MICROFINANCE LIMITED
  85. LEAD GLOBAL MICROFINANCE LIMITED
  86. LEAP CREDIT MICROFINANCE LIMITED
  87. LIGHT MICROFINANCE LIMITED
  88. LIQUIDITY SOLUTIONS MICROFINANCE LIMITED
  89. LIYAC MICROFINANCE COMPANY LIMITED
  90. LOYAL SHEPHERD MICROFINANCE LIMITED
  91. MALLON MICROFINANCE COMPANY LIMITED
  92. MAN CAPITAL MICROFINANCE COMPANY LIMITED
  93. MARS MICROFINANCE LIMITED
  94. MEGAMITCH MICROFINANCE LIMITED
  95. MICRENE MICROFINANCE LIMITED
  96. MIGHTY MICROFINANCE LIMITED
  97. MOKAP MICROFINANCE LIMITED.
  98. MONEYSHOP MICROFINANCE LIMITED
  99. MOORE NAARA MICROFINANCE LIMITED
  100. MT MICROFINANCE LIMITED
  101. NATIVITY MICROFINANCE SERVICES LIMITED
  102. NIVA MICROFINANCE LIMITED
  103. NOBLE DREAM MICROFINANCE LIMITED
  104. OBAATANPA MICROFINANCE COMPANY LIMITED
  105. OBUOBA MICROFINANCE COMPANY LIMITED
  106. OYE MICROFINANCE LIMITED
  107. PANAM MICROFINANCE COMPANY LIMITED
  108. PIMCEL MICROFINANCE COMPANY LIMITED
  109. PINNACLE MICROFINANCE LIMITED
  110. PLATINUM CAPITAL MICROFINANCE LIMITED
  111. PREMIER MICROFINANCE LIMITED
  112. PRICE CAPITAL MICROFINANCE LIMITED
  113. PROFIT POINT MICROFINANCE LIMITED
  114. PRO-LINK MICROFINANCE LIMITED
  115. PRUDENCE MICROFINANCE LIMITED
  116. PURPLE MICROFINANCE LIMITED
  117. QODESH MICROFINANCE LIMITED
  118. QUICK ONE MICROFINANCE LIMITED
  119. REELL MICROFINANCE LIMITED
  120. RESTORE MICROFINANCE COMPANY LIMITED
  121. RHOKIDA MICROFINANCE LIMITED
  122. ROYAL FUTURE MICROFINANCE LIMITED
  123. SAG AVE MARIA MICROFINANCE COMPANY LIMITED
  124. SAY-ADSAM MICROFINANCE LIMITED
  125. SEEDSHARE CAPITAL MICROFINANCE LIMITED
  126. SHALOM MICROFINANCE COMPANY LIMITED
  127. SHINE CREDIT MICROFINANCE LIMITED
  128. SICA MICROFINANCE LIMITED
  129. SILBAN CAPITAL MICROFINANCE LIMITED
  130. SIM MICROFINANCE LIMITED
  131. SKYCREDIT MICROFINANCE LIMITED
  132. SKYY CREDITLINE MICROFINANCE LIMITED
  133. SOLUTION PIONEERS MICROFINANCE COMPANY LIMITED
  134. SS MICROFINANCE LIMITED
  135. SS STACOTS MICROFINANCE COMPANY LIMITED
  136. ST. MARY’S MICROFINANCE LIMITED
  137. STALWART MICROFINANCE SERVICES LIMITED
  138. STAR PLUS MICROFINANCE LIMITED
  139. STAR WEALTH MICROFINANCE LIMITED
  140. STRATEGIES MICROFINANCE SERVICES LIMITED
  141. SWEET JESUS MICROFINANCE LIMITED
  142. TBS CAPITAL MICROFINANCE LIMITED
  143. THE INFORMAL PROJECT MICROFINANCE COMPANY LIMITED
  144. TIPPING POINT MICROFINANCE LIMITED
  145. TRANS MICROFINANCE LIMITED
  146. TURNING POINT MICROFINANCE COMPANY LIMITED
  147. UNICORN HAPPY INVESTMENT MICROFINANCE LIMITED
  148. V-SEED MICROFINANCE SERVICES LIMITED
  149. WAXSON MICROFINANCE COMPANY LIMITED
  150. WESTERN ALLIED MICROFINANCE LIMITED
  151. WETLAND MICROFINANCE LIMITED
  152. WIMAC TRUST MICROFINANCE LIMITED
  153. WISELINK MICROFINANCE COMPANY LIMITED
  154. XEROX MICROFINANCE SERVICES LIMITED
  155. 72 HOURS MICROFINANCE COMPANY LIMITED