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BoG descends on Microfinance Institutions …closes down 10

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Dr Henry Wampah, BoG Governor
The Bank of Ghana has announced tough measures to halt the activities of illegal financial institutions and fun clubs that transact microfinance businesses without license contrary to section four of the Banking Act, 2004 (Act 673). As part of the exercise, the Central Bank has cautioned the general public to desist from conducting businesses with […]