Tag: collapsed microfinance companies
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Tamale: Customers of MyBank Financial Services demand locked-up cash
Aggrieved customers of MyBank Financial Services, one of the defunct Microfinance and Savings and Loans Companies in Tamale in the Northern Region, are demanding the payment of their locked up investments. A group of customers in a petition to the Board of Directors of the defunct company, said they are disappointed in the managers of…
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CBG to announce modalities for cash and bond payments to depositors of defunct S&Ls, Microfinance firms
Consolidated Bank Ghana, CBG, has announced to the general public that it will publish the full modalities for payment of cash and bonds on behalf of the Receiver for all depositors of defunct microfinance and savings and loans companies. According to the bank, it has established a mechanism for those depositors who wish to obtain…
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GHS 787m paid to customers of defunct Microfinance, Savings & Loans – Gov’t
Government says it has disbursed a total of 787 million cedis for the payment of locked up funds to customers of defunct collapsed Microfinance, Micro-credit and Savings and Loans companies. According to the Minister of Finance, Ken Ofori-Atta, who disclosed this, the amount is in fulfillment of President’s directive asking that all affected customers be…
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Receiver, auctioneers strictly enforce payment time for auctioned vehicles
Persons interested in bidding for the confiscated vehicles of the collapsed Microfinance and Savings and Loans companies, should be ready to comply with the two hour ultimatum to make payments should they win any bid. This is the indication from auctioneers and representatives of the Receiver, Eric Nana Nipah. The caution follows an experience where…