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Savings & Loans Directors undergo corporate governance training

In the quest to enhance the corporate governance practices of savings and loans companies, a training programme to educate directors of Savings and Loans (S&L) companies has been held in Accra. The training, which comes in the wake of the banking sector reforms, is to primarily enhance the knowledge of the directors of S&L companies

Expert cautions BoG as Savings and Loans sector cleanup looms

The Executive Secretary of the Ghana Association of Savings and Loans companies, Tweneboah Kodua Boakye is advising the Bank of Ghana (BoG) to adopt a better approach in dealing with the challenges Savings and Loans sector. This follows some hints from the regulator that there is an imminent clean up in the savings and loans sector.

Make provisions for your new minimum capital – Association to members

The Association of Savings and Loans Companies is encouraging its members to make adequate provisions to recapitalize in order to avoid sanctions by the Bank of Ghana. Savings and Loans companies are currently operating with a minimum capital of 7 million cedis which is expected to be increased by the central bank as part of

Stop panic withdrawals; we’re not collapsing – GHASALC

The Association of Savings and Loans Companies have appealed to customers to have confidence in the financial sector despite the challenges confronting it. The panic withdrawals the association decried are unnecessary and a potential threat to their existence. Executive Secretary of the association, Mr K. Koduah, disputed claims that savings and loans companies were collapsing.

Savings and loans sector still vibrant – GHASALC

The Ghana Association of Savings and Loans Companies (GHASALC) has urged the public to disregard media publications and rumours suggesting that the savings and loans sector is collapsing. This follows recent reports of panic withdrawals from some major savings and loans companies over the last three months with the recent being the alleged collapse of

GHASALC committed to embracing corporate governance directive by BoG

The Ghana Association of Savings and Loans Companies (GHASALC), says its members will be committed in ensuring that the corporate governance policy directive issued by the Bank of Ghana (BoG) is strictly adhered to by all member companies. Mr. Kofi Ampofo Agyapong, Outgoing Chairman and immediate past MD, Best Point Savings and Loans said as

Association of Savings and Loans Companies condemns attack on woman at Midland

The Ghana Association of Savings and Loans Companies (GHASALC) has lashed out at a police officer who attacked a woman at the Shiashe Branch of Midlands Savings and Loans Company. The policeman, Frederick Amanor Skalla, is currently at the Police Headquarters awaiting possible prosecution for indecent assault. In a video that has gone viral on

Tweneboah Kodua Boakye appointed GHASALC Executive Secretary

The Ghana Association of Savings and Loans Companies (GHASALC) has appointed Mr Tweneboah Kodua Boakye, a certified expert in Microfinance from the Frankfurt School of Finance and Management, as its new Executive Secretary effective September 2017. Until his appointment, he was the Executive Director of Nkosuo Microfinance Limited, a company he co-founded and managed for

Savings and Loans Association elects new Council Executives

The Ghana Association of Savings and Loans Companies (GHASALC), at its 8th Annual General Meeting (AGM) in Accra, has elected new National Council Executives to lead the Association for the next two years. The members elected are Mr. Kwaku Duah Berchie, COO, Pan-African Savings and Loans, as Chairman and Mr. George Ofosuhene, CEO, Bond Savings