WELCOME TO THE GHANA ASSOCIATION FOR SAVINGS AND LOANS COMPANIES

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

SOME QUICK FACTS

7.67bn

Total Assets

The total assets of the industry stood at GHs 7.67bn as at end of December 2023. This represents a significant increase as compared to the same period in 2022 which is GHs 5.74bn.

5.5mn

Membership Size

The industry Serves about 5.5 million customers and operates in all 16 Regions (more than 7,000 direct employees)

5.40bn

Outstanding

Public Deposit / Borrowing Outstanding stood at about GHs 5.40bn with a significant sectors or industries being Services (GHs 3.00bn) and commerce/trading (GHs1.02bn).

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