


GHASALC advocates policy reforms to strengthen non-bank financial sector
The Ghana Association of Savings and Loans Companies (GHASALC) is pushing for greater industry recognition and policy reforms to strengthen the non-bank financial sector. GHASALC’s call for reform comes at

GHASALC Calls for Regulatory Reclassification of Savings and Loans Sector
Ghana’s savings and loans industry is calling for a regulatory reclassification, arguing that its current designation fails to reflect its financial strength and market position. Tweneboah Koduah Boakye, Chief Executive

GHASALC attributes high non-performing loans to public sector workers absconding abroad
The Ghana Association of Savings and Loans Companies (GHASALC) points to a persistent rise in Non-Performing Loans (NPLs), attributing it to public sector workers who borrow funds, default on payments,

High NPLs due to public sector workers absconding abroad – GHASALC
The Ghana Association of Savings and Loans Companies (GHASALC) has attributed the consistent increase in Non-Performing Loans (NPL) to public sector workers who take loans, refuse to pay and travel

Financial industry, GIZ launch financial literacy campaign
Financial services players have launched an initiative to educate and empower Ghanaians with financial knowledge and information. Known as Financial Literacy and Education Campaign (FLEC), it is being undertaken in

Leverage technology to meet changing needs of customers – Second Deputy Governor, BoG
The Savings and Loans (S&L) sector should take steps to leverage emerging technologies to modernise their business models to meet the fast-changing needs of their customers, Second Deputy Governor of

GHASALC hold AGM with a call on members to deepen digitization drive
The Ghana Association of Savings and Loans Companies (GHASALC) has held its 12th Annual General Meeting (AGM) in Accra under the theme “Driving Financial Inclusion through Digitilization: Role of Savings

Verification equipment linking Ghana card to customers accounts too expensive – Savings and Loans Association
The Ghana Association of Savings and Loans Companies (GHASLC) has expressed concern about the cost of verification equipment in linking Ghana Card to customers bank accounts. Its Executive Secretary, Tweneboah

Savings and Loans sub-sector contributed 35.1% of total assets for Q1 2022 – BoG
Savings and Loans industry critical to Ghanaian economy S&L companies disbursed a total of GH¢3.4 billion in net loans for Q1 2022 Code of Ethics and Professional Conduct key for

