Don’t panic, we are still strong – Savings & Loans Association

By on

The Ghana Association of Savings and Loans Companies is assuring clients and the general public that the sector is still robust despite recent issues facing the financial sector.

A statement from the association to the media admitted to challenges with some Savings and Loans Companies.

But it is confident such issues should be resolved soon as most of the companies are stable and ready to serve customer needs.

The Savings and Loans industry has been one of the worst hit regarding panic withdrawals and inability to meet clients’ needs regarding requests for matured investments.

Some have impressed on the Bank of Ghana to quicken processes to recapitalize the industry as it has done for the banks to sanitise the financial sector.

The Governor of the Bank of Ghana, Dr. Ernest Addison at the recent Monetary Policy Committee (MPC) meeting disclosed that the regulator will soon begin cleansing the Savings and Loans sector as it works to restore confidence.

The statement also indicated that the Association of Savings and Loans Companies is closely working to the central bank to achieve the core mandate which is to ‘bring good and reliable banking services to Ghanaians’.

It added, ‘For nearly 30 years, the Savings and Loans sector has been serving the Micro, Small and Medium Enterprises (MSMEs). We have been taking higher risks for our customers and have been at the helm of economic development with innovative and tailored banking services.’

ABOUT: Ellsamwise King

[email protected]

A Civil/Structural Engineer & Freelance Blogger, Journalist, Social Media Mogul, Digital Marketer, Entrepreneur, and Philanthropist. CEO of Skyline Consortium & 9189 Media Consult and Co-Founder of Team Sarkodie. An alumnus of Prempeh College where he read General Science. He holds a first degree in Bachelor of Science from the Kwame Nkrumah University of Science and Technology. His mentors are Alvar Alto, Rupert Murdoch, Piers Mogan, Mensa Otabil, Bernard ElBernard Nelson-Eshun. Blogs for; | | | | . Social Media Manager for Eon3 Group | BrandsAid | Kings Crown Media | Carabao Africa Ghana & Africa | Calvary Temple - ICGC | Team Sarkodie | Muzik IQ | Kwaw Kese Please inquire more via Email: [email protected] | [email protected] Instagram & Twitter: @wise_tskd Facebook: Ell Samwise LinkedIn: EllSamwise King Dogbe

view all posts by: Ellsamwise King  

Leave a Reply

Your email address will not be published. Required fields are marked *

ABOUT 233TIMES is a Ghanaian media house which serves as a major source of exclusive interviews ,music and video downloads, news and more. reports on major events,news covering entertainment, politics, sports, etc from within Ghana, Africa and beyond.

We have a platform for the amateur artistes to portray their staggering talents ...more...


facebook twitter youtube google plus linkedIn

To advertise with us or make enquiries, please visit or call +233266121799 (Selorm), +233248185848 (Nana Kwesi)