Interview with the Receiver and the Managing Director of Consolidated Bank Ghana to give an insight on the GHS3.56 billion released by the Government to pay all outstanding depositors funds instead of the bond payment.
The Governor of the Bank of Ghana (BoG), Dr. Ernest Addison, has said the Receiver of the collapsed banks has settled all payments due depositors. The governor said 95 per cent of the customers of savings and loans companies, microfinance institutions and finance houses had also been paid their deposits and investments. Dr. Addison, briefing […]
As at close of today, February 27, 2020, a total of 8,884 customers of the collapsed savings and loans (MS&Ls), Micro Finance Institutions (MFIs) and Micro-credit Institutions have been paid their monies, Consolidated Bank of Ghana has announced. For Savings and Loans, 449 social organisations, 418 companies and 152 rural banks and finance houses have […]
The Receiver for 347 Micro Finance companies as well as 23 Savings and Loans and Finance House companies whose licenses were revoked on 31 May 2019 and 16 August 2019 respectively, has issued a notice to depositors and the general public on full payments of locked-up funds. Speaking in an interview on 26th February 2020, […]
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
Governor of the central bank, Dr Ernest Addison, has disclosed that the Receivers of collapsed banks and financial institutions have so far recovered GH¢1.4 billion cedis representing only 8 percent in assets of depositors locked up funds.
Accordingly, the Receiver wishes to inform the general public that there will be a Public Auction of the first batch of used Motor Vehicles and Motor Bikes of these resolved companies. Details of the Public Auction are as follows:
Relocation of the Validation Teams of the Receiver: The Receiver of the 347 Microfinance Companies and the 23 Savings & Loans and Finance Houses Companies whose licences were revoked by the Bank of Ghana on 31 May 2019 and 16 August 2019 respectively
Governor of the Bank of Ghana, Dr. Ernest Addison
The Governor of the Bank of Ghana, Dr Ernest Addison has refuted suggestions that the collapse of both UT Bank and Capital Bank was a deliberate witch-hunt by the BoG.