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    Kwamina Bentsi Enchill Duker appointed as 1st CEO of Development Bank Ghana

    Cedi depreciation pushes debt to almost GH¢345 billion in Nov; 78.4% of GDP

    Expect another fuel price hike in February – IES

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GH¢90m to be paid to customers of collapsed microfinance companies — Receiver

bycitibusinessnews
August 19, 2019
in Banking And Finance, Business, Economy
Ernest Addison, governor of the Bank of Ghana,

Ernest Addison, governor of the Bank of Ghana,

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The receiver of the 347 microfinance companies collapsed by the Bank of Ghana in May has said it will soon pay claims of about GHS90 million to customers of the affected institutions.

Eric Nana Nipah, who was appointed Receiver by the central bank, stated that the payments were made after the claims were verified.

Mr. Nipah, who is a Partner at the PricewaterhouseCoopers, said so far more than 152,000 depositors have submitted claims which amounts to about GH¢1.4 billion.

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The receiver speaking on the Citi Breakfast Show said out of the claims made so far, about GH¢600 million has been verified for payment to be made to depositors.

Out of the verified amount, however, he said a cap GH¢10,000 has been given on individual depositors and per their calculation, that will amount to about GH¢90 million.

He stated that aside from the allocation made by the government to be given to depositors, the receiver has to maximise the assets from these collapsed companies in order to be able to complete payments to all the depositors.

 

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