Assets of collapsed 347 Microfinance firms to be auctioned

Assets belonging to the collapsed 347 Microfinance Companies (“MFIs”) and the 23 Savings & Loans and Finance House Companies will on Monday, March 8 be auctioned.

A statement issued by the receiver said a consortium of auctioneers Wildos Mart, Broadway Mart, and Yakamata Mart has been appointed to conduct the auction.

It says “the sale of the chattels of the resolved MFIs and S&Ls will be conducted at the respective branches of the resolved MFIs and 23 S&Ls across the 16 regions from Monday 8 March 2021 until all items are sold out.

“Chattels to be auctioned include air conditioners – split/window, desk-top computers, fridges, water dispensers, swivel chairs, executive office tables/chairs, leather sofas, couches, flat-screen television sets and generators.” the statement added.

Interested buyers are encouraged to contact any of the appointed auctioneers or the Receiver’s representative on 0247143593/0202731441 if any further information is required.

Wildos Mart0244381303
Broadway Mart0246004242
Yakamata Mart0243668984

The Bank of Ghana on May 31, 2019, revoked the licenses of some 347 microfinance institutions in the country.

It also took similar action against some 39 microcredit institutions operating in Ghana.

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