Tag: Ghana Securities Industry Association
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We can’t accept debt exchange programme – Securities Industry Association
The Ghana Securities Industry Association (GSIA) is the latest group to kick against government’s newly announced debt exchange programme. GSIA in a statement said, although it understands the difficulties the country is facing, it cannot accept the programme in its current form because it believes a bond is a contractual agreement between a borrower and…
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Customers of defunct fund managers issue 2-week ultimatum over locked up cash
The members of the Coalition of Aggrieved Customers of the defunct 53 Fund Management Companies are calling on government to commence payment of their locked up funds before March 24, 2020. According to the group, the government has sidelined customers of the collapsed fund management companies in the payment of depositors monies following the financial…
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Remove cap on payments to enable us settle customers – Fund Managers to gov’t
The Ghana Securities Industry Association, the umbrella body of organisations licensed by the Securities and Exchange Commission, is urging government to consider increasing the payouts to collapsed fund management companies whose funds are with the receiver. A Governing Council Member of the Association, Kisseih Antonio, in an interview with Citi Business News said while the…
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Banking crisis partly to blame for collapse of some fund managers — Securities Industry Association
The Ghana Securities Industry Association (GSIA) says some of the collapsed fund managers had their funds locked up in savings and loans and microfinance companies that were placed into receivership by the Bank of Ghana. The association, whose membership includes capital market players, in its response after the capital market regulator shut down 53 fund…