BANKING SECTOR CLEAN UP: SOME CUSTOMERS YET TO RECEIVE THEIR MONEY – ERIC NIPAH

The Joint Receiver of the collapse Banks and Microfinance institutions has revealed that some customers are yet to receive their monies.  According to Mr Eric Nipa, some customers sent in their claims late while others had no information to validate their claims because their institutions had already collapsed before the revocation of license. Hence, when […]

ATO ESSIEN’S NO-CASE APPLICATION: COURT TO RULE JULY 8

The Accra High Court will on July 8, this year, rule on a submission of “no case” filed by the Founder of the defunct Capital Bank, William Ato Essien, and three others accused of stealing depositors’ funds leading to the collapse of the bank. The other accused persons are the then Managing Director of the […]

BOG BOUNCES DUFFUOR, AMOABENG

The Bank of Ghana (BoG) has insisted that it would not appear before a parliamentary committee probing into the circumstances surrounding the revocation of licences of uniBank Ghana Limited and UT Bank Limited, which became insolvent. The committee was set up by the Speaker of Parliament, Alban Bagbin, in late March, 2021, following petitions presented […]

NOTICE TO ALL DEPOSITORS AND OTHER CREDITORS

The Receiver of the defunct 23 Savings and Loans Companies and 347 Microfinance Companies wishes to notify all Depositors and Other Creditors who are yet to file their claims to complete the attached Proof of Debt (PoD) forms and send together with all supporting documents to the following email addresses: All completed PoD forms for […]

NOTICE TO ALL BORROWERS AND LOAN DEFAULTERS

IN THE MATTER OF THE BANKS AND SPECIALISED DEPOSIT-TAKING INSTITUTIONS ACT, 2016 (ACT 930) ANDIN THE MATTER OF THE RECEIVERSHIPS OF THE 347 MICROFINANCE COMPANIES AND THE 23 SAVINGS & LOANS AND FINANCE HOUSE COMPANIES  NOTICE TO ALL BORROWERS AND LOAN DEFAULTERS Pursuant to Section 123 (1) of the Banks and Specialised Deposit-Taking Institutions Act, […]

BOG REVOKED UNICREDIT’S LICENCE LAWFULLY

Court dismisses entire case as being without merit A Human Rights Court in Accra has ruled that the Bank of Ghana (BoG) followed due process in revoking the license of UniCredit. HODA Holdings Limited (HODA), the majority shareholder of uniCredit Ghana Limited (uniCredit), had filed a motion on notice for judicial review in the nature […]

AUCTION SALES! AUCTION SALES!! AUCTION SALES!!!

AUCTION SALES! AUCTION SALES!! AUCTION SALES!!! A consortium of Auctioneers (Wildos Mart, Broadway Mart, and Yakamata Mart) appointed by the Receiver of the resolved 347 Microfinance Companies (“MFIs”) and the 23 Savings & Loans and Finance House Companies (“S&Ls”) wishes to inform the general public of an auction sale of the chattels of the resolved […]

ENSURE PERPETRATORS OF COLLAPSED BANKS FACE THE LAW IN SECOND TENURE – BOG GOVERNOR URGED

Banking Consultant, Nana Otuo Acheampong has admonished Governor of the Bank of Ghana, Dr Ernest Addison, to ensure during his second tenure that persons behind the collapse of indigenous Ghanaian banks in 2017 face the law. According to him, many depositors of these collapsed banks are still faced with uncertainties and hardship as a result […]