General – receivership

No FAQs found ..

Was there no other way of helping these institutions to survive instead of closing them down completely?
What happens to other creditors, besides depositors, and the counterparties who may have other agreements with these institutions?
What should l do if my name is not captured in the books of the specified institutions?
Which institutions are involved and how many are to be closed down?
Who is the Receiver and what is he expected to do?
Why is the Bank of Ghana taking this action now?
Why is the Bank of Ghana undertaking this particular action?
Will there be job losses now that these institutions have been closed?
Will this affect the Bank of Ghana’s financial inclusion agenda, given that most of the affected institutions operated in areas that had limited access to the services of mainstream financial institutions?