Pursuant to Section 123 (1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930) (“the Act”), Bank of Ghana (“BoG”) on 31 May 2019 and 16 August 2019 revoked the operating licenses of 347 insolvent Microfinance Companies and 23 Savings and Loans and Finance House Companies respectively, and in accordance with Section 123(2) of the Act, appointed Eric Nana Nipah, a Director of PricewaterhouseCoopers Ghana Limited (“PwC”) as the Receiver for the purposes of winding down the affairs of these Companies.

Section 127 (3) of the Act mandates the Receiver to secure all assets of the resolved companies and maximise their realizations for the benefit of creditors.
Accordingly, the Receiver wishes to inform the general public that he is requesting for firm bids from potential buyers who are interested in acquiring any of the Landed Properties of the defunct companies listed in the brochure, for his evaluation.
Interested bidders may submit their signed bids and dated formal letters to the following address;

The Receiver
No. 54 Olusegun Obasanjo High Way Opposite Accra Girls Senior High School Accra
Tel: +233 (0) 242439441/ +233 (0) 550000966

Attention: John Fiifi Ewool
Email: john.ewool@pwc.com / gideon.bosompim@pwc.com/ joanna.agyapong-agyare@pwc.com

All bidders who wish to inspect any of the properties may contact the Receiver’s representative, Yvette Bourreau on +233 (0) 559416841/ yvettebourreau@yahoo.com

All buyers are to note that

  • The properties are being sold on an as is where is basis.

  • That the purchaser is to conduct an independent due deligence.

  • That the purchaser will be responsible for cost of transfer of title.