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

As you may be aware, pursuant to Section 123 (1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930), Bank of Ghana (“BoG”) on 31 May 2019 and 16 August 2019 revoked the operating licenses of 347 insolvent Microfinance Companies and 23 Savings & Loans and Finance House Companies respectively.

BoG in accordance with Section 123(2) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930) appointed Eric Nana Nipah, a Director of PricewaterhouseCoopers Ghana Limited (“PwC”), as the Receiver for the purposes of winding down the affairs of these institutions. A key component of the Receiver’s mandate is to secure all assets of the resolved companies and maximise their realisations for the benefit of creditors.

Accordingly, the Receiver wishes to inform the general public that he is requesting for firm bids from potential buyers to acquire some Landed Properties of the resolved companies for his evaluation. Potential bidders who want to inspect the Properties or have enquires may visit the receivership website on www.ghreceiverships.com or contact the Receiver’s representative Michael Vondee on michael.nat007@gmail.com or 0244977797 to reserve an inspection appointment.

Details of the condition for the sale of these properties are set out in a sales memorandum which can be assessed on the website above.

All bids are to be submitted on or before 4pm on Friday, 26 March 2021. Interested bidders should submit their bids in a signed and dated formal letter to the following address:

The Receiver
No. 54 Olusegun Obasanjo High Way
Opposite Accra Girls Senior High School 
Accra

Tel: +233 (0) 302761500
Attention: Eric Nana Nipah
SGD
ERIC NANA NIPAH