Tag: Collapsed Banks
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Angry clients of defunct Fund Management firms arrested for picketing at Finance Ministry
Three members of the Coalition of Aggrieved Customers of the defunct 53 Fund Management Companies were on Tuesday, September 1, arrested for leading a protest at the premises of the Finance Ministry. Members of the group thronged the Ministry of Finance on Tuesday, September 1, 2020, to protest over the exclusion of clients of Blackshield…
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We’ve paid all depositors of collapsed banks – BoG Governor
Governor of the Bank of Ghana, Dr. Ernest Addison has rejected claims that depositors who had their monies locked up with the collapsed banks have not been paid. Dr. Addison said all customers of the nine collapsed banks have been paid their locked-up funds. He was speaking at a meeting with President Nana Akufo-Addo after…
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Customers of defunct Man Capital demand timelines for payment of locked-up cash
Customers of defunct Man Capital Microfinance Company Limited are seeking timelines for payment of their locked-up cash from the Receiver of the collapsed microfinance and savings and loans institutions, Eric Nana Nipah. Man Capital was among the 347 microfinance entities whose licenses were revoked by the Bank of Ghana during the clean-up of the sector.…
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We’ve instituted stringent measures to detect distressed banks – BoG Governor
The Governor of the Bank of Ghana, Dr. Ernest Addison, says the central bank has put in place stringent measures to rapidly detect signs of distress exhibited by financial institutions, to immediately step in and protect the funds of depositors. The Governor says the measures include tightening of the bank’s supervisory role to stop the…