According to figures from GAMC
, there are more than 500 microfinance companies operating in the country and all should be regulated under the Non-bank Financial Institutions Act 2008.
GAMC cost Minnesota $748 million in fiscal year 2010-2011.
How did Minnesota realize savings of such magnitude while not dropping any GAMC recipients?
The lump sum to providers was based on the number of GAMC recipients receiving care at each facility, and was not dependent on the amount of procedures.
In December 2010, in partnership with NGOs, the GAMC designed and published brochures warning against the dangers of trafficking for distribution in schools.
In January 2011, in Quelimane (Zambezia Province), the GAMC director launched a modest campaign to increase public awareness by distributing 8,000 anti-trafficking posters to schools and community leaders, to direct presentations on trafficking.
The Ghana Association of Microfinance Companies (GAMC) has recorded Ghc62,579 in pre-tax profit in last year as against Ghc294,516 in 2012, according to the GAMC s National Board Chairman Mr.
The GAMC s net profit grew from Ghc293,776 in 2012 to Ghc58,830 at the end of last year, disclosed the executive.
A CCP Bench comprising of Chairperson, Rahat Kaunain Hassan, Member, Abdul Ghaffar and Member, Dr Joseph Wilson, passed and issued the Order in respect of the proceedings initiated against GAMCAs & GAMCs (Respondents) for division of market and equal allocation of customers among the themselves and also exploiting customers by restricting their choice and imposing unfair terms and conditions in violation of Section 4 of the Act.
GAMCs; if a prescribed fee in the form of ceiling is not provided, the GAMCs could start charging fee at exploitative rates (particularly keeping in view the customers it caters for).
The purpose of allowing upper ceiling for such prescribed fee would also allow certain level of competition amongst the GAMCs