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 6.83bn 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 membership size of 36 members with Accra and Kumasi having the highest concentrations. The branches are spread across all 10 regions
Public Deposit / Borrowing Outstanding stood at GH 5.52bn(Dec-2018) with a significant portion channeled into SME sectors of the economy