The Bank of Ghana (BoG) said it will close down and prosecute micro-finance institutions (MFI), which are operating without licence. The central bank is also collaborating with appropriate authorities to investigate MFI, which defraud unsuspecting customers. Mr. Raymond Amanfo, Director of other Financial Institutions Supervision Department, said the BoG constantly dialogues with operators in the industry on strategic and operational [...]
The post BoG TO PROSECUTE OFFENDING MICRO-FINANCE INSTITUTIONS appeared first on The Ghanaian Times.
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