About Us

GAMC

Ghana Association of Microfinance Companies (GAMC) is the umbrella Association of Companies under tier 2 of Bank of Ghana’s categorization, licensed to provide Microfinance Services which currently stands at 136 companies.

The Ghana Association of Microfinance Companies (GAMC) was established as a company limited by guarantee in May, 2011. The Association was formed to among other things to provide members with information dissemination services; capacity building; supervisory and monitoring services; advocacy and lobbying as well as resource mobilization.

The Association is run by a Board of Directors who are largely practitioners as well and a Secretariat of management staff.

VISION

The vision of GAMC is to become “A reputable and relevant microfinance association to stakeholders while championing financial inclusion.”

MISSION

The Association’s mission is “To become sustainable through advocacy, capacity building and creation of stakeholder value and satisfaction.”

GOALS

The corporate objectives of GAMC based on the by-laws governing the operations of the Association are to:

To improve the governance of GAMC and Member Institutions
To improve service delivery and operational efficiency
To promote the interest of members
To enhance the skills and knowledge of members
To improve revenue generation and financial management of the Association
To enhance effective collaborations with key stakeholders
To ensure compliance with members’ code of conduct
To ensure optimal staff capacity and welfare
To improve the visibility of GAMC

REGULATION, DIRECTIVES AND POLICIES

The Association is governed by a constitution which entails the rights and responsibilities of members, benefits accruing to members, functions of the Board, operational guidelines, amongst others.

However, all member companies must be guided by the Business Rules and Sanctions for Microfinance Institutions – 2017 by the Bank of Ghana. Some other relevant regulations include The Constitution of the Republic of Ghana, The Non-Bank Financial Institution Act (Act 774), The Labour Act, 2003 (Act 651), Ghana Deposit Protection Act, 2016 (Act 931) and Data Protection Act, 2012 (Act 843) in their day-to-day operations.