Business News of Saturday, 28 December 2019Source: www.ghanaweb.comYear in Review : Businesses that failed in 2019BoG governor Dr Ernest AddisonGhana’s financial sector has seen quite an unsteadying move in 2019. Legacy capital savings and loans limitedOn 12th August 2016, Legacy Capital was licensed to operate as Savings and Loans Company in Ghana by the Bank of Ghana. Midland Savings and LoansBank of Ghana (BoG) has revealed Midland Savings and Loans Company Limited registered persistent operational losses which made it difficult for it to operate. Ideal Finance Ltd. Finance HouseIt consistently failed to meet the minimum cash reserve requirement of 10% of its total deposits. GN Savings and Loans CompanyGN Savings and Loans Company Limited was originally incorporated as First National Savings and Loans (FNSL) Company Limited and licensed as a Savings and Loans Company.

Source: GhanaWeb December 28, 2019 04:30 UTC