Press Release on 347 Micro Finance Companies (“MFCs”) whose licences were revoked on 31 May 2019 by Bank of Ghana Upward Review of Payments to Depositors whose claims have been validated Accra 8th November 2019. Following the revocation of the licences of the 347 Micro Finance Companies (“MFCs”), the Receiver among other things announced a […]
Notice is hereby given that depositors who have not yet submitted their claim forms should do so on or before Friday 18th October 2019 for validation. After this date, the Receiver will conclude that there are no more outstanding claim forms to be submitted.
The Receiver wishes to inform the general public that effective Friday, 11 October 2019, the branches of the following affected MFCs set out below will remain open to serve the customers of these institutions as well as the customers of other MFCs whose licenses have been revoked.
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Notice is hereby served on all Debtors of the affected MFCs to make arrangements to settle the full amounts of their overdue indebtedness to the respective MFCs as soon as possible, failing which the Receiver shall consider all his options including legal action against Debtors to recover the outstanding loan facilities granted them without recourse to them.
Notice is hereby served on all Debtors of the affected S&Ls and Finance Houses to make arrangements to settle the full amounts of their overdue indebtedness to the respective S&Ls and Finance Houses as soon as possible, failing which the Receiver shall consider all his options including legal action against Debtors to recover the outstanding loan facilities granted them without recourse to them.