UNIQUE MICROFINANCE Limited, a private limited liability company incorporated in 2012 under Ghana Companies Act, 1963 (ACT 179), is in good standing.
The company is licensed by Bank of Ghana to operate as a Tier 2 microfinance institution by offering financial services to corporate bodies and individuals as a non–bank financial institution in accordance with the relevant laws.
It would be recalled that the BUSINESS GUIDE, a subsidiary of DAILY GUIDE Newspaper made a report on Wednesday, November 20, titled, “Microfinance Company Provides Fake Address” based on a Bank of Ghana publication in May this year on microfinance companies, which stated the location of Unique Microfinance Limited as Kokrobite in the Central Region.
The BoG publication quoted the contact numbers of Unique Microfinance as 0541396702 and 0244465033.
The company however, had its head office at New Achimota in the Greater Accra region and not in Kokrobite as published.
As far back as September 2016, Unique Microfinance had called for an inspection of its premises by the Central bank.
The Central Bank, in a letter dated November 1, last year, and signed by J. Kofi Amoa-Awuah, head, Other Financial Institutions Supervision Department, approved the relocation request.
“We refer to your application on the above subject and our subsequent premises inspection and write to inform you that approval has been granted under section 20 of the banking Act, 2004 (Act 673) for Unique Microfinance Limited to relocate its head office from Kpone Shangai to New Achimota, Mile 7 in the Greater Accra region.”
Also, prior to the approval for relocation, an official of the bank was detailed from the Other Financial Institutions Department to go and conduct premises inspection of Unique Microfinance’s new head office at New Achimota, which was duly carried out.
Source: Peacefmonline.com/Ghana
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Journalism’s first obligation is to the truth. A journalist must give reliable and accurate facts. The writer should have known this before rushing to publish the story. He needs to must revise the GJA code of ethics!
THIS IS BAD JOURNALISM
A Rejoinder is not not enough! Unique Microfinance Ltd must be compensated.Period!
IF one cannot check it, he must chuck it. You don't publish a story without thoroughly investigating. It is okay to write a rejoinder but my question is how sure can this rejoinder erase the perception already created for this company?
OH MY GOD! THIS IRRESPONSIBLE BUSINESS REPORTING COULD HAVE CAUSED PANIC WITHDRAWAL FOR AN INNOCENT COMPANY
Those journalists should be ashame of themselves, i would have wished we were in the revolutionary era. Long live UML Long live KL
Our Business Journalists must sit up so that they don't publish wrong stories about upright companies.This rejoinder suggests to me that the Daily Guide didn't do proper investigation before publishing. Either the bad publication was sponsored in attempt to smear a good company/CEO or it was a lazy work done by the writer. A suit may be appropriate Are we safe?