Full List of Insolvent License-revoked Microfinance Institutions in Ghana 2021 

October 14, 2023
Full List of Insolvent License-revoked Microfinance Institutions in Ghana 2021 

On May 31, 2019, the  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
11st Eye Microfinance Company Limited
2Abepa Microfinance Limited
3ACEA Microfinance Co. Limited
4Adom Sika Microfinance Limited
5AE Microfinance Company Limited
6AF Microfinance Company Limited
7Afrique Capital Microfinance Limited
8AKI Microfinance Company Limited
9All Ghana Microfinance Limited
10Advalue Microfinance Limited
11AKAD Microfinance Limited
12All Inclusive Microfinance Limited
13AllianceTrust Microfinance Limited
14AmisGold Microfinance Services Limited
15A-N Microfinance Services Limited
16A-One Trust Microfinance Services Limited
17Appiaduman Microfinance Limited
18Aspet-A Microfinance Limited
19A-Star Microfinance Limited
20Axis Direct Microfinance Company Limited
21Benkoson Microfinance Limited
22Best Microfinance Services Limited
23Bluehills Microfinance Limited
24Boafo Ne Nyame Microfinance Limited
25Bodev Microfinance Limited
26Boin Microfinance Limited
27Bonamax Microfinance Company Limited
28Brite Life Microfinance Limited
29Broadview Capital Microfinance Limited
30Capital And More Microfinance Company Limited
31Capital Connect Microfinance Limited
32Cash MultiTrust Microfinance Limited
33CashPhase Microfinance Company Limited
34CashPlus Microfinance Limited
35Christian Community Microfinance Limited
36Citizen Capital Microfinance Limited
37Family Trust Capital Microfinance Limited
38Connect Capital Microfinance Limited
39Cottage Microfinance Limited
40Credability Investment and Microfinance Limited
41Crown Capital Microfinance Limited
42Crown House Microfinance Limited
43Cymain Capital Microfinance Limited
44Cypress Microfinance Company Limited
45Dahinsheli Microfinance Limited
46Daily Capital Microfinance Limited
47DataCash Microfinance Limited
48DBM Microfinance Limited
49Delight Microfinance Company Limited
50Des Microfinance Limited
51Dolphin Microfinance Services Limited
52DoneWealth Microfinance Limited
53Dove Microfinance Company Limited
54DPF Microfinance Limited
55D-Vanc Microfinance Limited
56Dwetire Microfinance Limited
57EasyFast Microfinance Limited
58Ebenezer Microfinance Company Limited
59Eclipse Microfinance Limited
60Emefs Microfinance Limited
61Emeralf Microfinance Limited
62Emerge Microfinance Limited
63Emeton Microfinance Services Limited
64Empire Credit Microfinance Limited
65EMWL Microfinance Company Limited
66ET Microfinance Limited
67Evergreen Microfinance Limited
68Expressway Microfinance Limited
69Fast Track Capital Microfinance Limited
70Financial Republic Microfinance Company Limited
71FINO Microfinance Limited
72First Call Microfinance Company Limited
73First Liberty Microfinance Limited
74FountainGate Microfinance Limited
75Frontier Capital Microfinance Limited
76Frontline Microfinance Limited
77FTS Capital Microfinance Limited
78Future Leaders Microfinance Limited
79Gab Microfinance Limited
80Gad Microfinance Limited
81Galaxy Microfinance Limited
82Geo Multi Microfinance Limited
83GG Credit Microfinance Company Limited
84Ghabsy Microfinance Limited
85Giant Steps Microfinance Services Limited
86Global Trust Microfinance Services Limited
87God Is Perfect Microfinance Limited
88Goldman Capital Microfinance Co. Limited
89Great Nation Microfinance Limited
90Greenfield Microfinance Services Limited
91Hegis Microfinance Limited
92Heritage Microfinance Limited
93Hodidi Microfinance Company Limited
94Home Support And Allied Microfinance Limited
95Idos Microfinance Limited
96Integrity Capital Microfinance Limited
97JCF Consumer Microfinance Limited
98JDC Microfinance Company Limited
99Jefam Microfinance Company Limited
100Jidai Microfinance Limited
101JW Microfinance Limited
102KingDave Microfinance Limited
103Kingsbridge Microfinance Limited
104KKA Empire Microfinance Limited
105Kwahu Microfinance Company Limited
106Lake View Microfinance Limited
107Legend Microfinance Co. Limited
108Liberty DMI Microfinance Limited
109Liberty Trust Microfinance Limited
110LJ Cashplus Microfinance Limited
111Lloyds Capital Microfinance Limited.
112Mace Microfinance Limited
113Masadar Microfinance Limited
114Melbond Microfinance Limited
115Meridian Microfinance Limited
116MicAid Microfinance Company Limited
117Mop Microfinance Limited
118Multi Money Microfinance Company Limited
119Multibility Microfinance Limited
120NAS Microfinance Company Limited
121Nationwide Microfinance Limited
122New Business Microfinance Limited
123New Image Microfinance Limited
124New Ways Microfinance Limited
125Nkosuo Microfinance Limited
126No. 1 Microfinance Company Limited
127OFS Microfinance Company Limited
128Optimal Microfinance Limited
129Osomufo Microfinance Limited
130Oval Microfinance Limited
131Paragon Microfinance Company Limited
132Pathway Microfinance Limited
133PearlHouse Ghana Microfinance Limited
134Peesam Microfinance Limited
135Perebrim Microfinance Company Limited
136Planet Microfinance Limited
137Planters Capital Microfinance Company Limited
138Prime Guaranty FSL Microfinance Limited
139PrimeCredit Microfinance Limited
140Primus Microfinance Limited
141Prof Microfinance Limited
142Progressive Microfinance Company Limited
143Pronto Microfinance Limited
144ProSeed Microfinance Company Limited
145Purpose Microfinance Limited
146Q-Star Investments & Microfinance Limited
147R&J Gateway Microfinance Services Limited
148RanCare Microfinance Limited
149Redeemer Microfinance Limited
150Renaizance Capital Solutions Microfinance Limited
151Reob Fekams Microfinance Company Limited
152Rightway Microfinance Limited
153Rivers Capital Microfinance Limited
154ROPA Microfinance Limited
155Ross Capital Microfinance Limited
156Royal Steps Microfinance Limited
157Royalty Capital Microfinance Limited
158SafeNet Microfinance Limited
159Samag Microfinance Limited
160Savannah Microfinance Limited
161SavPlus Microfinance Services Limited
162Silver Trust Microfinance Company Limited
163Solid Rock Microfinance Limited
164Solutions Microfinance Limited
165Sources Unlimited Microfinance Limited
166Sovereign Microfinance Limited
167Standard Trust Microfinance Limited
168Star Alliance Microfinance Limited
169Starling Microfinance Services Limited
170StartWell Microfinance Company Limited
171Supreme Trust Microfinance Limited
172The Orange Capital Microfinance
173The Rashards Microfinance Limited
174The TrustLine Microfinance Company Limited
175TI Microfinance Limited
176Total Discount Microfinance Limited
177True Life Capital Microfinance Limited
178Trust Link Microfinance Limited
179Trust Microfinance Company Limited
180TurnStar Microfinance Limited
181Unik Life Microfinance Limited
182Unique Microfinance Limited
183Unique-Mas Microfinance Company Limited
184Vision Credit Microfinance Limited
185VOA Microfinance Limited
186WE Enable Microfinance Limited
187Wintrust Microfinance Limited
188Wondaland Microfinance Limited
189YAN Microfinance Company Limited
190Yeken Microfinance Limited
191YOLI Microfinance Company Limited
Source: BoG

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
172 Hours Microfinance Company Limited
2Abis Plus Microfinance Limited
3ACIT Capital Microfinance Limited
4Adwenpa Microfinance Limited
5Adwumaden Microfinance Limited
6African Trust Microfinance Limited
7AG Microfinance Limited
8AGT Microfinance Company Limited
9Allot Microfinance Company Limited
10Arhinpa Microfinance Limited
11Attention Microfinance Limited
12AV Global Microfinance Limited
13Beaconcity Microfinance Company Limited
14Bedel Microfinance Limited
15Bengay Microfinance Company Limited
16Better Life Microfinance Company Limited
17Big Dreams Microfinance Limited
18BIK Microfinance Company Limited
19Boatem Microfinance Limited
20Boavole Microfinance Limited
21Brisk Credit Microfinance Limited
22C.I.G. Microfinance Limited
23Capital House Microfinance Limited
24Capital Line Microfinance Limited
25Captains Microfinance Company Limited
26Casablanca Microfinance Limited
27Cashbridge Microfinance Limited
28CC Microfinance Limited
29Citizens Resource Microfinance Limited
30ComAid Microfinance Limited
31Comba Microfinance Limited
32Common Capital Microfinance Limited
33Community Microfinance Limited
34Crucial Times Microfinance Limited
35Cypress Cedar Microfinance Company Limited
36Daa Nhyira Microfinance Company Limited
37DC Microfinance Company Limited
38DEMS Microfinance Company Limited
39DG Capital Microfinance Limited
40Divine Fortunes Microfinance Limited
41Divine Microfinance Limited
42Dwadifo Adanfo Microfinance Company Limited
43Dynasty Microfinance Services Limited
44Eden Microfinance Limited
45Ekoba Get Rich Microfinance Limited
46Elite Microfinance Limited
47Ellis Microfinance Limited
48Era Microfinance Services Limited
49Excel United Microfinance Limited
50First Fidelity Microfinance Limited
51Flexi Microfinance Limited
52Focus Link Microfinance Company Limited
53Fortress Microfinance Company Limited
54Frankaman Microfinance Company Limited
55Giant Gait Microfinance Limited
56G-Life Microfinance Limited
57Global One Microfinance Company Limited
58Gmet Microfinance Limited
59Godigo Microfinance Limited
60Golden Trust Microfinance Company Limited
61GoldPot Microfinance Limited
62GoodNews Microfinance Company Limited
63Halal Microfinance Limited
64High Prestige Microfinance Services Limited
65Hog Microfinance Limited
66ICS Microfinance Limited
67IK Microfinance Limited
68Instant Microfinance Limited
69Investsure Microfinance Limited
70Jada Microfinance Limited
71Jays Microfinance Limited
72Jopat Microfinance Company Limited
73Jorbies Microfinance Limited
74Joyhelp Microfinance Limited
75Joyprin Microfinance Company Limited
76K.A.D. Microfinance Limited
77Kanafin Microfinance Services Limited
78Kapital Express Microfinance Company Limited
79Karsi Microfinance Limited
80Kenlasab Microfinance Limited
81Kingdom Trust Microfinance Limited
82Landmark Microfinance Limited
83Last Chance Microfinance Company Limited
84Latter Rain Microfinance Limited
85Lead Capital Microfinance Limited
86Lead Global Microfinance Limited
87 Credit Microfinance Limited
88Light Microfinance Limited
89Liquidity Solutions Microfinance Limited
90Liyac Microfinance Company Limited
91Loyal Shepherd Microfinance Limited
92Mallon Microfinance Company Limited
93Man Capital Microfinance Company Limited
94Mars Microfinance Limited
95MegaMitch Microfinance Limited
96Micrene Microfinance Limited
97Mighty Microfinance Limited
98Mokap Microfinance Limited.
99MoneyShop Microfinance Limited
100Moore Naara Microfinance Limited
101MT Microfinance Limited
102Nativity Microfinance Services Limited
103Niva Microfinance Limited
104Noble Dream Microfinance Limited
105Obaatanpa Microfinance Company Limited
106Obuoba Microfinance Company Limited
107Oye Microfinance Limited
108Panam Microfinance Company Limited
109Pimcel Microfinance Company Limited
110Pinnacle Microfinance Limited
111Platinum Capital Microfinance Limited
112Premier Microfinance Limited
113Price Capital Microfinance Limited
114Profit Point Microfinance Limited
115Pro-Link Microfinance Limited
116Prudence Microfinance Limited
117Purple Microfinance Limited
118Qodesh Microfinance Limited
119Quick One Microfinance Limited
120Reell Microfinance Limited
121Restore Microfinance Company Limited
122Rhokida Microfinance Limited
123Royal Future Microfinance Limited
124Sag Ave Maria Microfinance Company Limited
125Say-Adsam Microfinance Limited
126Seedshare Capital Microfinance Limited
127Shalom Microfinance Company Limited
128Shine Credit Microfinance Limited
129Sica Microfinance Limited
130Silban Capital Microfinance Limited
131Sim Microfinance Limited
132SkyCredit Microfinance Limited
133Skyy Creditline Microfinance Limited
134Solution Pioneers Microfinance Company Limited
135SS Microfinance Limited
136SS Stacots Microfinance Company Limited
137St. Mary's Microfinance Limited
138Stalwart Microfinance Services Limited
139Star Plus Microfinance Limited
140Star Wealth Microfinance Limited
141Strategies Microfinance Services Limited
142Sweet Jesus Microfinance Limited
143TBS Capital Microfinance Limited
144The Informal Project Microfinance Company Limited
145Tipping Point Microfinance Limited
146Trans Microfinance Limited
147Turning Point Microfinance Company Limited
148Unicorn Happy Investment Microfinance Limited
149V-Seed Microfinance Services Limited
150Waxson Microfinance Company Limited
151Western Allied Microfinance Limited
152Wetland Microfinance Limited
153Wimac Trust Microfinance Limited
154Wiselink Microfinance Company Limited
155Xerox Microfinance Services Limited
Source: Graphic.com

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