Bank of Ghana’s appointed Receiver for the insolvent and dormant microfinance companies, Mr Eric Nana Nipah, will today start paying depositors of the 347 insolvent microfinance companies whose claims have been validated and agreed. This follows the release of funds by Government of Ghana (GoG) to the Receiver.
The Receiver has deployed over 420 personnel across the country to validate and agree to claims and to start making payments to depositors whose claims have been validated and agreed, without delay.
A statement issued in Accra yesterday, said payments to depositors would be made at designated branches of Consolidated Bank Ghana (CBG), following notifications to these depositors from the office of the Receiver.
It said depositors whose claims have been validated and agreed would receive phone calls from the Receiver’s representatives confirming the amounts due to them, and directing them to the designated CBG branches for the processing and payment of their claims to the extent possible.
Depositors, the statement said, would be required to provide valid ID documentation.
“In accordance with the order of ranking provided in the relevant sections of the banks and Specialised Deposit-Taking Institutions Act, 2016, Act 930, all other creditors will be paid their claims depending on the quantum and timing of asset realisations in the receivership of the affected microfinance companies,” the statement said.
Mr Nipah called on all depositors of the microfinance companies to exercise patience, as the government has made available funds to pay each and every depositor whose claim(s) have been validated and agreed, to the extent possible.
By Times Reporter
