With that payment, she said, there was now an outstanding amount of GH¢110 million, being claims of related parties of the defunct institutions who played active roles in their management and control. "The clean up of the SDIs sector was necessary. First of all, the law under which we regulate these institutions requires that we revoke their licences when they are no longer able to honour their obligations to their customers," she said at the BoG/SDI media sensitisation workshop in Accra yesterday. SDIs Savings and loans companies, finance houses and microfinance companies, together with rural and community banks, constitute the SDIs sector, which is regulated under the Banks and SDIs Act of 2016 (Act 930). The institutions have been licensed by the BoG to provide access to finance for segments of society that are not able to access financial services from commercial banks. The SDIs are expected to accept small deposits and provide small loans for micro/small businesses and informal sector business operators. Clean up Following the clean up of the SDIs sector, there are 25 savings and loans companies, 15 finance/leasing companies, 137 microfinance companies and 144 rural and community banks currently operating.