Tag: Tweneboah Koduah Boakye
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Association of Savings & Loans firms satisfied with payment of locked up funds so far
The Ghana Association of Savings and Loans Companies has expressed satisfaction with the process to ensure that all customers of defunct savings and loans companies are paid their locked-up deposits in full. The Receiver last week Monday started paying out customers their locked-up funds from a GHS5 billion made available by the government as part…
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Lawsuits delayed payments to majority of customers of collapsed S&Ls – Association
The Executive Secretary of the Ghana Association of Savings and Loans Companies (GHASALC), Tweneboa Kodua Boakye, says about 70 percent of customers of their members whose licenses were revoked have not received their locked-up funds. He attributed the delay to the legal and other challenges faced by the receiver in the process of validating about…