WELCOME TO THE GHANA ASSOCIATION FOR SAVINGS AND LOANS COMPANIES
GHASALC is an association of all Savings and Loans Companies registered under the laws of Ghana and also licensed by Bank of Ghana. It was registered and also obtained a certificate to commence business in the year 2008 as a company limited by guarantee and not having any share capital and also shall be a non-profit making institution.
Savings and Loans Companies being a little different from other actors in the Micro-finance sector felt that there was the need for specific issues to be addressed on a different platform. This concern could only become a reality if they come together to have a louder voice in the dialogue with other stakeholders in the financial sector in Ghana.
SOME QUICK FACTS
The total assets of the industry stood at GH 4.2bn as at end of December 2018. This represents a significant year on year pick up in both the real and nominal terms
The industry has a total branch network of 481 with Accra and Kumasi having the highest concentrations. The branches are spread across all 10 regions
At the end of December 2018, the industry posted strong results as net loans and advances stood at GH 1.8bn. A significant portion of this went into the SME sectors of the economy