The money lending business in Ghana is growing rapidly due to increasing demand for quick loans and other financial services. However, competition is also high between the numerous money lending companies. Effective marketing is crucial for any money lending business…
Money lending business, also known as microfinance or microlending, has become an important sector in Ghana’s financial services industry. Ghana has seen rapid growth in money lending over the past decade, with over 700 microfinance companies currently operating in the…
Microfinance is becoming an increasingly popular way to provide financial services to low-income populations and micro-enterprises in Ghana. Microfinance institutions (MFIs) provide basic banking services like loans, savings, money transfer and insurance to unbanked and underserved segments. The microfinance sector…
The loan business industry in Ghana has seen significant growth in recent years, driven by the increasing demand for financial assistance among individuals and small businesses. With a population of over 30 million people, Ghana provides a fertile ground for…
Micro-Credit Association Ghana (MCAG) serves as the umbrella organization for microfinance institutions in Ghana. Established on May 2, 2010, under the Companies Code, MCAG plays a crucial role in bringing micro-credit operators together and promoting collaboration within the microfinance sector.…
Are you considering starting a loan company in Ghana? Registering your company is a crucial step to ensure legal compliance, credibility, and access to funding. In this guide, we will walk you through the process of registering a loan company…
Are you considering venturing into the money lending business in Ghana? Before you dive in, it’s crucial to understand the requirements and regulations governing this industry. In this article, we will outline the essential money lending business requirements in Ghana…
The minimum capital requirement for savings and loans companies (S&Ls) in Ghana is GH¢15 million. This significant increase from the previous requirement of GH¢7 million in 2018 was implemented by the Bank of Ghana (BoG) to strengthen the financial sector.…
Ghana is home to numerous susu companies that offer a range of products and services to help individuals save, access credit, and build their financial security. In this article, we will explore some of the most popular susu companies in…
The susu industry in Ghana has long been a part of the country’s financial landscape, providing a valuable source of savings and lending opportunities for individuals in need. If you’re interested in starting your own susu company in Ghana, this…
Are you eager to dive into the world of finance and make a profitable impact in Ghana? Get ready to unlock the secrets of starting your own money lending business in Ghana! With its booming economy and growing demand for…
Microcredit institutions play a crucial role in providing financial services to individuals and small businesses who have limited access to traditional banking systems. In Ghana, numerous microcredit institutions cater to the needs of borrowers seeking small loans. Here is a…