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.
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.