On May 31, 2019, the Bank of Ghana announced its revocation of the licenses of some Microfinance institutions in Ghana for insolvency.
Microfinance Institutions in Ghana
The following is a list of insolvent microfinance institutions in Ghana whose licenses were revoked by the Bank of Ghana in 2019
| No. | Microfinance Institution |
|---|---|
| 1 | 1st Eye Microfinance Company Limited |
| 2 | Abepa Microfinance Limited |
| 3 | ACEA Microfinance Co. Limited |
| 4 | Adom Sika Microfinance Limited |
| 5 | AE Microfinance Company Limited |
| 6 | AF Microfinance Company Limited |
| 7 | Afrique Capital Microfinance Limited |
| 8 | AKI Microfinance Company Limited |
| 9 | All Ghana Microfinance Limited |
| 10 | Advalue Microfinance Limited |
| 11 | AKAD 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 | Family Trust Capital 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 Trust Microfinance Services Limited |
| 87 | God Is Perfect Microfinance Limited |
| 88 | Goldman Capital Microfinance Co. Limited |
| 89 | Great Nation Microfinance Limited |
| 90 | Greenfield Microfinance Services Limited |
| 91 | Hegis Microfinance Limited |
| 92 | Heritage Microfinance Limited |
| 93 | Hodidi Microfinance Company Limited |
| 94 | Home Support And Allied Microfinance Limited |
| 95 | Idos Microfinance Limited |
| 96 | Integrity Capital Microfinance Limited |
| 97 | JCF Consumer Microfinance Limited |
| 98 | JDC Microfinance Company Limited |
| 99 | Jefam Microfinance Company Limited |
| 100 | Jidai Microfinance Limited |
| 101 | JW Microfinance Limited |
| 102 | KingDave Microfinance Limited |
| 103 | Kingsbridge Microfinance Limited |
| 104 | KKA Empire Microfinance Limited |
| 105 | Kwahu Microfinance Company Limited |
| 106 | Lake View Microfinance Limited |
| 107 | Legend Microfinance Co. Limited |
| 108 | Liberty DMI Microfinance Limited |
| 109 | Liberty Trust Microfinance Limited |
| 110 | LJ Cashplus Microfinance Limited |
| 111 | Lloyds Capital Microfinance Limited. |
| 112 | Mace Microfinance Limited |
| 113 | Masadar Microfinance Limited |
| 114 | Melbond Microfinance Limited |
| 115 | Meridian Microfinance Limited |
| 116 | MicAid Microfinance Company Limited |
| 117 | Mop Microfinance Limited |
| 118 | Multi Money Microfinance Company Limited |
| 119 | Multibility Microfinance Limited |
| 120 | NAS Microfinance Company Limited |
| 121 | Nationwide Microfinance Limited |
| 122 | New Business Microfinance Limited |
| 123 | New Image Microfinance Limited |
| 124 | New Ways Microfinance Limited |
| 125 | Nkosuo Microfinance Limited |
| 126 | No. 1 Microfinance Company Limited |
| 127 | OFS Microfinance Company Limited |
| 128 | Optimal Microfinance Limited |
| 129 | Osomufo Microfinance Limited |
| 130 | Oval Microfinance Limited |
| 131 | Paragon Microfinance Company Limited |
| 132 | Pathway Microfinance Limited |
| 133 | PearlHouse Ghana Microfinance Limited |
| 134 | Peesam Microfinance Limited |
| 135 | Perebrim Microfinance Company Limited |
| 136 | Planet Microfinance Limited |
| 137 | Planters Capital Microfinance Company Limited |
| 138 | Prime Guaranty FSL Microfinance Limited |
| 139 | PrimeCredit Microfinance Limited |
| 140 | Primus Microfinance Limited |
| 141 | Prof Microfinance Limited |
| 142 | Progressive Microfinance Company Limited |
| 143 | Pronto Microfinance Limited |
| 144 | ProSeed Microfinance Company Limited |
| 145 | Purpose Microfinance Limited |
| 146 | Q-Star Investments & Microfinance Limited |
| 147 | R&J Gateway Microfinance Services Limited |
| 148 | RanCare Microfinance Limited |
| 149 | Redeemer Microfinance Limited |
| 150 | Renaizance Capital Solutions Microfinance Limited |
| 151 | Reob Fekams Microfinance Company Limited |
| 152 | Rightway Microfinance Limited |
| 153 | Rivers Capital Microfinance Limited |
| 154 | ROPA Microfinance Limited |
| 155 | Ross Capital Microfinance Limited |
| 156 | Royal Steps Microfinance Limited |
| 157 | Royalty Capital Microfinance Limited |
| 158 | SafeNet Microfinance Limited |
| 159 | Samag Microfinance Limited |
| 160 | Savannah Microfinance Limited |
| 161 | SavPlus Microfinance Services Limited |
| 162 | Silver Trust Microfinance Company Limited |
| 163 | Solid Rock Microfinance Limited |
| 164 | Solutions Microfinance Limited |
| 165 | Sources Unlimited Microfinance Limited |
| 166 | Sovereign Microfinance Limited |
| 167 | Standard Trust Microfinance Limited |
| 168 | Star Alliance Microfinance Limited |
| 169 | Starling Microfinance Services Limited |
| 170 | StartWell Microfinance Company Limited |
| 171 | Supreme Trust Microfinance Limited |
| 172 | The Orange Capital Microfinance |
| 173 | The Rashards Microfinance Limited |
| 174 | The TrustLine Microfinance Company Limited |
| 175 | TI Microfinance Limited |
| 176 | Total Discount Microfinance Limited |
| 177 | True Life Capital Microfinance Limited |
| 178 | Trust Link Microfinance Limited |
| 179 | Trust Microfinance Company Limited |
| 180 | TurnStar Microfinance Limited |
| 181 | Unik Life Microfinance Limited |
| 182 | Unique Microfinance Limited |
| 183 | Unique-Mas Microfinance Company Limited |
| 184 | Vision Credit Microfinance Limited |
| 185 | VOA Microfinance Limited |
| 186 | WE Enable Microfinance Limited |
| 187 | Wintrust Microfinance Limited |
| 188 | Wondaland Microfinance Limited |
| 189 | YAN Microfinance Company Limited |
| 190 | Yeken Microfinance Limited |
| 191 | YOLI Microfinance Company Limited |
Microfinance Institutions in Ghana which are Insolvent and Ceased Operations
The following is a continuing list of financial institutions in Ghana whose licenses were revoked by the Bank of Ghana in 2019 but it was for being both insolvent and ceased operation.
| No. | Microfinance Company |
|---|---|
| 1 | 72 Hours Microfinance Company Limited |
| 2 | Abis Plus Microfinance Limited |
| 3 | ACIT Capital Microfinance Limited |
| 4 | Adwenpa Microfinance Limited |
| 5 | Adwumaden Microfinance Limited |
| 6 | African Trust Microfinance Limited |
| 7 | AG Microfinance Limited |
| 8 | AGT Microfinance Company Limited |
| 9 | Allot Microfinance Company Limited |
| 10 | Arhinpa Microfinance Limited |
| 11 | Attention Microfinance Limited |
| 12 | AV Global Microfinance Limited |
| 13 | Beaconcity Microfinance Company Limited |
| 14 | Bedel Microfinance Limited |
| 15 | Bengay Microfinance Company Limited |
| 16 | Better Life Microfinance Company Limited |
| 17 | Big Dreams Microfinance Limited |
| 18 | BIK Microfinance Company Limited |
| 19 | Boatem Microfinance Limited |
| 20 | Boavole Microfinance Limited |
| 21 | Brisk Credit Microfinance Limited |
| 22 | C.I.G. Microfinance Limited |
| 23 | Capital House Microfinance Limited |
| 24 | Capital Line Microfinance Limited |
| 25 | Captains Microfinance Company Limited |
| 26 | Casablanca Microfinance Limited |
| 27 | Cashbridge Microfinance Limited |
| 28 | CC Microfinance Limited |
| 29 | Citizens Resource Microfinance Limited |
| 30 | ComAid Microfinance Limited |
| 31 | Comba Microfinance Limited |
| 32 | Common Capital Microfinance Limited |
| 33 | Community Microfinance Limited |
| 34 | Crucial Times Microfinance Limited |
| 35 | Cypress Cedar Microfinance Company Limited |
| 36 | Daa Nhyira Microfinance Company Limited |
| 37 | DC Microfinance Company Limited |
| 38 | DEMS Microfinance Company Limited |
| 39 | DG Capital Microfinance Limited |
| 40 | Divine Fortunes Microfinance Limited |
| 41 | Divine Microfinance Limited |
| 42 | Dwadifo Adanfo Microfinance Company Limited |
| 43 | Dynasty Microfinance Services Limited |
| 44 | Eden Microfinance Limited |
| 45 | Ekoba Get Rich Microfinance Limited |
| 46 | Elite Microfinance Limited |
| 47 | Ellis Microfinance Limited |
| 48 | Era Microfinance Services Limited |
| 49 | Excel United Microfinance Limited |
| 50 | First Fidelity Microfinance Limited |
| 51 | Flexi Microfinance Limited |
| 52 | Focus Link Microfinance Company Limited |
| 53 | Fortress Microfinance Company Limited |
| 54 | Frankaman Microfinance Company Limited |
| 55 | Giant Gait Microfinance Limited |
| 56 | G-Life Microfinance Limited |
| 57 | Global One Microfinance Company Limited |
| 58 | Gmet Microfinance Limited |
| 59 | Godigo Microfinance Limited |
| 60 | Golden Trust Microfinance Company Limited |
| 61 | GoldPot Microfinance Limited |
| 62 | GoodNews Microfinance Company Limited |
| 63 | Halal Microfinance Limited |
| 64 | High Prestige Microfinance Services Limited |
| 65 | Hog Microfinance Limited |
| 66 | ICS Microfinance Limited |
| 67 | IK Microfinance Limited |
| 68 | Instant Microfinance Limited |
| 69 | Investsure Microfinance Limited |
| 70 | Jada Microfinance Limited |
| 71 | Jays Microfinance Limited |
| 72 | Jopat Microfinance Company Limited |
| 73 | Jorbies Microfinance Limited |
| 74 | Joyhelp Microfinance Limited |
| 75 | Joyprin Microfinance Company Limited |
| 76 | K.A.D. Microfinance Limited |
| 77 | Kanafin Microfinance Services Limited |
| 78 | Kapital Express Microfinance Company Limited |
| 79 | Karsi Microfinance Limited |
| 80 | Kenlasab Microfinance Limited |
| 81 | Kingdom Trust Microfinance Limited |
| 82 | Landmark Microfinance Limited |
| 83 | Last Chance Microfinance Company Limited |
| 84 | Latter Rain Microfinance Limited |
| 85 | Lead Capital Microfinance Limited |
| 86 | Lead Global Microfinance Limited |
| 87 | Leap Credit Microfinance Limited |
| 88 | Light Microfinance Limited |
| 89 | Liquidity Solutions Microfinance Limited |
| 90 | Liyac Microfinance Company Limited |
| 91 | Loyal Shepherd Microfinance Limited |
| 92 | Mallon Microfinance Company Limited |
| 93 | Man Capital Microfinance Company Limited |
| 94 | Mars Microfinance Limited |
| 95 | MegaMitch Microfinance Limited |
| 96 | Micrene Microfinance Limited |
| 97 | Mighty Microfinance Limited |
| 98 | Mokap Microfinance Limited. |
| 99 | MoneyShop Microfinance Limited |
| 100 | Moore Naara Microfinance Limited |
| 101 | MT Microfinance Limited |
| 102 | Nativity Microfinance Services Limited |
| 103 | Niva Microfinance Limited |
| 104 | Noble Dream Microfinance Limited |
| 105 | Obaatanpa Microfinance Company Limited |
| 106 | Obuoba Microfinance Company Limited |
| 107 | Oye Microfinance Limited |
| 108 | Panam Microfinance Company Limited |
| 109 | Pimcel Microfinance Company Limited |
| 110 | Pinnacle Microfinance Limited |
| 111 | Platinum Capital Microfinance Limited |
| 112 | Premier Microfinance Limited |
| 113 | Price Capital Microfinance Limited |
| 114 | Profit Point Microfinance Limited |
| 115 | Pro-Link Microfinance Limited |
| 116 | Prudence Microfinance Limited |
| 117 | Purple Microfinance Limited |
| 118 | Qodesh Microfinance Limited |
| 119 | Quick One Microfinance Limited |
| 120 | Reell Microfinance Limited |
| 121 | Restore Microfinance Company Limited |
| 122 | Rhokida Microfinance Limited |
| 123 | Royal Future Microfinance Limited |
| 124 | Sag Ave Maria Microfinance Company Limited |
| 125 | Say-Adsam Microfinance Limited |
| 126 | Seedshare Capital Microfinance Limited |
| 127 | Shalom Microfinance Company Limited |
| 128 | Shine Credit Microfinance Limited |
| 129 | Sica Microfinance Limited |
| 130 | Silban Capital Microfinance Limited |
| 131 | Sim Microfinance Limited |
| 132 | SkyCredit Microfinance Limited |
| 133 | Skyy Creditline Microfinance Limited |
| 134 | Solution Pioneers Microfinance Company Limited |
| 135 | SS Microfinance Limited |
| 136 | SS Stacots Microfinance Company Limited |
| 137 | St. Mary's Microfinance Limited |
| 138 | Stalwart Microfinance Services Limited |
| 139 | Star Plus Microfinance Limited |
| 140 | Star Wealth Microfinance Limited |
| 141 | Strategies Microfinance Services Limited |
| 142 | Sweet Jesus Microfinance Limited |
| 143 | TBS Capital Microfinance Limited |
| 144 | The Informal Project Microfinance Company Limited |
| 145 | Tipping Point Microfinance Limited |
| 146 | Trans Microfinance Limited |
| 147 | Turning Point Microfinance Company Limited |
| 148 | Unicorn Happy Investment Microfinance Limited |
| 149 | V-Seed Microfinance Services Limited |
| 150 | Waxson Microfinance Company Limited |
| 151 | Western Allied Microfinance Limited |
| 152 | Wetland Microfinance Limited |
| 153 | Wimac Trust Microfinance Limited |
| 154 | Wiselink Microfinance Company Limited |
| 155 | Xerox Microfinance Services Limited |
