STP, Service Road North, I-9/3, Islamabad, Pakistan
+92 51 4102171-2
+92 51 41021713

MicroFinance Boss Proposes Apex Body for MFIs

A woman holds 03 July 2007 in Accra a wad new currency, the new cedi, that Ghana put in circulation that day, although the old money will still be valid until the end of the year. Currently, the cedi is one of the least valued currencies in Africa: 9000 cedis equal one US dollar.   Ernest Addison, head of research at the Bank of Ghana, assured in November 2006 that the changeover was not a revaluation nor devaluation, and will not affect foreign exchange.  AFP PHOTO / ISSOUF SANOGO (Photo credit should read ISSOUF SANOGO/AFP/Getty Images)

The central bank is simply overwhelmed by the sheer numbers in the turbulent MicroFinance sector, hence the need for an apex body in the similitude of the ARB Apex Bank which regulates rural banks, Kafui Amegah, CEO of Eclipse Microfinance Limited has said.

For more on this story visit the following link: MicroFinance Boss Proposes Apex Body for MFIs

Source: GhanaWeb

Related Posts

Share Your Thoughts

%d bloggers like this: