BOG

FULL PAYMENT OF OUTSTANDING SALARIES AND NEGOTIATED AND AGREED EXIT PACKAGES TO EX-STAFF OF THE RESOLVED MICROFINANCE AND SAVINGS & LOANS AND FINANCE HOUSE COMPANIES

IN THE MATTER OF THE BANKS AND SPECIALISED DEPOSIT-TAKING INSTITUTIONS ACT, 2016 (ACT 930) IN THE MATTER OF THE RECEIVERSHIPS OF THE RESOLVED 347 MICROFINANCE COMPANIES AND THE 23 SAVINGS AND LOANS AND FINANCE HOUSE COMPANIES NOTICE OF FULL PAYMENT OF OUTSTANDING SALARIES AND NEGOTIATED AND AGREED EXIT PACKAGES TO EX-STAFF OF THE RESOLVED MICROFINANCE […]

RECEIVER OF CAPITAL BANK TESTIFIES IN ATO ESSIEN’S TRIAL

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 […]

SALE OF LANDED PROPERTIES, CHATTELS AND USED VEHICLES

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 […]

NOTICE TO ALL BORROWERS AND LOAN DEFAULTERS

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 […]

UPDATE – RECEIVER TO PAY OUTSTANDING LOCKED UP FUNDS AFTER 2ND LEVEL VALIDATION IN MAY 2020 – GOV’T

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 […]

CBG EXPLAINS MODALITIES FOR PAYMENT OF CASH AND BONDS TO CUSTOMERS OF COLLAPSED FINANCIAL INSTITUTIONS ON BEHALF OF THE RECEIVER

Consolidated Bank Ghana (CBG) has clarified how customers of collapsed financial institutions can access their cash and bonds, following government’s decision to pay the affected customers. It will be recalled that Government has provided a combination of cash and bonds totalling Five Billion Ghana Cedis (GHS5,000,000,000.00) to pay depositors of the collapsed financial institutions. At […]

RECEIVER ISSUES NOTICE ON BOND PAYMENT TO CUSTOMERS OF DEFUNCT S&LS AND MFIS WHOSE CLAIMS HAVE BEEN VALIDATED IN THE RESOLUTION PROCESS

The Receiver for the purposes of winding down the affairs of 347 Microfinance Companies and the 23 Savings & Loans And Finance House Companies wishes to notify the general public especially individuals and institutions whose claims have been validated in the resolution process that, effective Thursday 2 April 2020, Consolidated Bank Ghana Limited will be […]