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Licences of 386 financial institutions revoked

Licences of 386 financial institutions revoked

The Bank of Ghana has revoked the licences of 386 insolvent microfinance and microcredit companies. This includes 192 microfinance companies having their licenses revoked with another 155 insolvent companies that have ceased operations also suffering the same fate. The Central Bank in a press release Friday also revoked the licences of 29 insolvent microcredit companies. BoG

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