Business News of Saturday, 15 June 2019Source: www.ghanaweb.com‘Bank of Ghana cleaning up microfinance sector is in the best interest of Ghanaians’ – Banking expertplay videoHead of Retail Business at Societe General Ghana, Obed HoyahHead of Retail Business at Societe General Ghana, Obed Hoyah has defended the Bank of Ghana’s decision to sanitise the country’s microfinance, savings and loans institutions. About 386 insolvent microfinance and microcredit companies have had their licenses revoked by BoG. I don’t know of any country that has develop without the citizen’s saving money. So if you don’t have a number of citizens saving their money with banks, the banks are not also able to help grow the economy”. He continued by saying, once the financial environment is sanitized, it builds the confidence in people to save in banks.

Source: GhanaWeb June 15, 2019 15:56 UTC