Tag: Aggrieved Customers of Savings&Loans Companies
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Payment for customers of collapsed Microfinance and S&Ls delays again
Checks by Citi Business News at a number of Consolidated Bank Ghana branches on Monday, February 24, 2020, did not indicate that payment for customers of defunct microcredit, microfinance and savings and loans companies, was taking place as expected. Following President Akufo-Addo’s assurance of payment from 24th February, during the state of the nation address,…
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Auction proceeds won’t be enough to pay us – Depositors of collapsed financial firms
Some depositors of the collapsed savings and loans companies, microfinance firms and finance houses say they may not receive all their locked up funds through the auctioning of used cars and other assets belonging to the defunct financial institutions. The depositors are of the view that that the proceeds from the exercise may not be…