Ghana Association of Microfinance Companies to Launch Capacity Improvement Project

23 Mar 2016
Peace FM

The Ghana Association of Microfinance Companies (GAMC), which is benefiting from a grant of EUR 1.5 million from Agence Française de Dévelopment (AFD) towards the Microfinance Companies Capacity Improvement Project (MICCIP) is pleased to announce the official launch of the project.

The MICCIP consists of strengthening GAMC’s capacity and that of its training center in the elaboration of its courses; as well as providing technical assistance to its members.

The technical assistance will be targeted at its members, which have demonstrated a certain level of professionalism and strong signs of sustainability. About 100 of the strongest GAMC’s members licensed by the Bank of Ghana under Tier 2 will be assessed. Out of those one hundred MFCs, 40 will benefit from a “program of excellence” within a 40-month period. Overall, it will improve the quality of financial services provided by microfinance companies (MFCs) in Ghana to populations unable to access banking services and very small enterprises from the formal and informal sectors.