One of the receivers of the defunct Capital Bank, Mr Vish Ashiagbor, yesterday took the witness box to testify as a prosecution witness in the trial of the Founder of the bank, William Ato Essien, and three others who have been accused of collapsing the bank. Mr. Ashiagbor and Mr. Eric Nana Nipah, both Directors […]
IN THE MATTER OF THE BANKS AND SPECIALISED DEPOSIT-TAKING INSTITUTIONS ACT, 2016 (ACT 930) IN THE MATTER OF THE RECEIVERSHIPS OF THE 347 MICROFINANCE COMPANIES AND THE 23 SAVINGS & LOANS AND FINANCE HOUSE COMPANIES NOTICE TO THE GENERAL PUBLIC SALE OF LANDED PROPERTIES, CHATTELS AND USED VEHICLES OF THE 347 MICROFINANCE COMPANIES AND […]
CBG ACCOUNT NUMBERS FOR REPAYMENT OF LOANS BY LOAN DEFAULTERS OF THE DEFUNCT MICROFINANCE COMPANIES 1 1st Eye Microfinance Company Limited 1297002100007 2 Abepa Microfinance Limited 1297002100008 3 Acea Microfinance Co. Limited 1297002100009 4 Adom Sika Microfinance Limited 1297002100010 5 Advalue Microfinance Limited 1297002100011 6 […]
LIST OF ACCOUNT NUMBERS FOR LOAN REPAYMENTS OF DEFUNCT SAVINGS AND LOANS No CBG ACCOUNT NUMBERS FOR LOAN REPAYMENTS BY DEFAULTERS OF THE DEFUNCT SAVINGS AND LOANS COMPANIES Account Type Account Number 1 GN Savings and Loans (In Receivership) GHS 1315515100002 USD 1315515100003 2 Accent Financial Services(In Receivership) GHS 1315515100004 […]
The receiver for 347 collapsed Microfinance companies and 23 Savings and Loans and Finance House Companies in a statement issued to the general public, person/persons/institutions who took loan facilities from these defunct companies are to visit any of the maintained branches of these institutions for repayment of the loans immediately. “Notice to all Borrowers and […]
The Chief State Attorney, Marina Appiah Opare, has said the plan by Mr. Willaims Ato Essien, CEO of the defunct Capital Bank, to pay the funds will not stop the trial from proceeding since the negotiation will affect only four of the charges. He and three others are facing 26 charges for various roles they […]
The Court of Appeal has by a unanimous decision granted the Bank of Ghana’s application for stay of proceedings in the GN Savings and Loans case in the High Court (Human Rights Division). All three Justices’ decision is pending the determination of the central bank’s appeal at the Court of Appeal against the decision of […]
The Attorney General has been asked by the court to give all the evidence it intends to rely on in the case against the founder of the defunct UT Bank, Mr Prince Kofi Amoabeng, who is on trial in connection with the collapse of the bank. Justice Philip Bright Mensah, a Justice of the Court […]
Embattled founder of the defunct Capital Bank, Ato Essien, is willing to refund GH¢27.5 million back to the state, his lawyers have said. Willaim Ato Essien is standing trial for allegedly collapsing the bank. The GH¢27.5 million is what the state has accused Essien of using as business promotion and which he allegedly carried in […]
The Receiver of the defunct Microfinance companies and savings and loans firms is set to complete a second level of validation processes to pay all affected customers whose funds were locked up after the licenses of those institutions were revoked by the Central Bank. The Minister of Information, Hon. Kwadwo Oppong Nkrumah as part of […]