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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. READ MORE
The total assets of the industry stood at GH 4.49bn as at end of December 2019. This represents a significant year on year decline by 29%.
UTRAK Savings and Loans | Save money, live better