Business News of 2014-01-23

Bonamax Microfinance receives operating licence

BONAMAX Microfinance Limited has been issued an operating licence by the Bank of Ghana to operate as a non-bank financial institution in the Ajumako-Enyan-Essiam District in the Central Region.

This was announced by the General Manager of Bonamax, Mr Nathaniel Sixtus Eshun, at an awards durbar organised at Ajumako Bisease last week to reward the company’s outstanding workers and loyal customers for 2013.

In all, eight workers and 150 customers were given certificates and household items such as flat-screen television, blenders, rice cookers, fridges and gas cylinders, as well as laptops.

According to Mr Eshun, Bonamax, which has been operating for 15 months, has offices at Ajumako which serve as its headquarters.

It has four agencies at Ajumako Bisease, Twifo Praso, Mankessim Nkwanta and Abeadze Kyeakor, all in the Central Region.

“In all we have over 8,000 customers doing business with us and we hope to serve them better from now on to attract more into our fold,” he said.

The General Manager said Bonamax currently rendered services in ‘susu’ collection, savings deposits and loans.

Mr Eshun presented Bonamax’s operational certificate to the chairman for the occasion and a customer, Mr Ato Dadzie, as a way of symbolically presenting the certificate to all the customers and the public, saying “this is to tell you that we are being monitored by the Bank of Ghana and so we cannot and would not fleece or defraud anybody”.

Mr Dadzie, who is the Ghana Education Service (GES) officer in charge of monitoring of examinations in schools in the district, urged the company to put the necessary measures in place to introduce more products.

The secretary to the Board of Directors of Bonamax, Madam Patricia Klutse, advised the customers, especially the women, to cultivate a strong habit of saving because “that would help you outlive poverty as you can get some money to expand your commercial activities”.