Tag: defunct microfinance and savings & loans companies
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BoG Governor justifies conversion of bonds to cash to pay defunct MFIs, S&Ls’ customers
The Governor of the Bank of Ghana, Dr. Ernest Addison has justified the recent decision by government to release an amount of GHS3.56 billion in cash, to fully settle claims of depositors of defunct Microfinance companies, Savings and Loans firms and Finance Houses, instead of sticking to the original plan to pay that amount using…
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Aggrieved customers of defunct First Allied Savings & Loans demand locked up cash
Some customers of defunct First Allied Savings and Loans Limited on Monday besieged the Kojo Thomson Road branch of the Receiver’s payment center to demand payment of their locked-up funds. President Nana Akufo-Addo had recently claimed that 98% of the depositors of the microfinance and savings and loans companies have received their monies. But some customers…
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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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Defunct Microfinance, S&L customers with huge sums unhappy with payment in bonds
Some customers of the defunct microfinance and savings & loans companies, who visited the head office of the Consolidated Bank Ghana on Thursday, February 27, to retrieve their locked up capital, have decried the mode of payment by the Receiver. The customers, who received their notification messages, say they have been told by the bank…