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04.12.2019 Business & Finance

[List] Savings & Loans, Finance House Branches To Remain Operational

By News Desk
[List] Savings & Loans, Finance House Branches To Remain Operational
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The Receivership of the 23 Savings & Loans and Finance House Companies has listed the branches of companies under receivership, that will stay open to service customers of all Savings & Loans and Finance House companies whose licence have been revoked.

In a press release, the receiver said these branches will only be accessible for receivership business.

The receiver explained in an earlier interview, that some branches of companies under his receivership, have been closed to effectively cut down the operational cost.

The press release signed by the receiver stated that “Stakeholders are advised to visit operating branches nearest to the S&L branches which the Receiver has shut down, for loan repayment and any other enquiries relating to the receivership of their affected S&Ls.”

The Bank of Ghana (BoG) on August 16, 2019, revoked the operating licenses of 23 insolvent Savings and Loans and Finance House Companies (“S&Ls”).

The licences of the 23 S&Ls were revoked as part of BoG's drive to strengthen the financial services sector by getting rid of insolvent and dormant institutions which had no reasonable prospects of recovery and had denied depositors access to their deposits.

Find below the list of operational institutions

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---citinewsroom

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