31
Aug
The Ghana Association of Savings and Loans Companies (GHASALC) has outlined its top regulatory priorities with the establishment of a common clearing house for Savings and Loans Companies (S&Ls) and Finance Houses at the top of the pile. This, Executive Secretary of the association Tweneboah Kodua Boakye says, is a strategic move geared toward enhancing operational efficiency, reducing risk and bolstering the Specialised Deposit-Taking and Non-Bank Financial Institution (SDI-NBFI) market, which is in excess of GH¢17billion. Speaking on behalf of GHASALC, the association’s executive secretary highlighted the significance of a common clearing house for S&Ls and finance houses. The clearing…