We’ve paid all depositors of collapsed banks


Governor of the Bank of Ghana, Dr. Ernest Addison has rejected claims that depositors who had their monies locked up with the collapsed banks have not been paid.

Dr. Addison said all customers of the nine collapsed banks have been paid their locked-up funds.

He was speaking at a meeting with President Nana Akufo-Addo after the latter’s working visit to the Central Bank.

“We had the [banking sector] reform in two phases. The first phase had to do with the banking system where we revoked the licenses of the banks. Depositors got their monies.”

He, however, indicated that there were some outstanding payments to be made to customers of collapsed microfinance companies, savings and loans, and finance houses.

“The second phase of payment has to do with the SDIs – Savings and Loans and Microfinance Institutions and in their case, more than 95 percent of depositors have been paid so there is just about 5 percent of depositors who have not been paid.”

Following the revocation of the licences of the 347 microfinance companies, 39 micro-credit institutions and 23 savings and loans companies, a validation of the affected customers commenced on November 18, 2019, with the aim of repayment.

Processes for the payment of valid claims of those who had their monies locked up in the defunct companies commenced on Monday, February 24, 2020, but some persons have complained of not receiving their funds.

There have been suggestions that the Central Bank should print money to pay up customers’ locked up funds but Dr. Addission has dismissed this suggestion.

He argued that although the bank is committed to paying depositors’ locked-up funds, printing money has not been part of its plans as it has the potential to undo all that the bank has achieved over the past couple of years.

https://www.youtube.com/watch?v=/fRyxiW_5wHA

 

 





Source link

Share this:

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

Veep supports Strategic National Stockpile establishment to tackle health emergencies

General News of Saturday, 19 September 2020 Source: GNA 2020-09-19 Vice President Dr Mahamudu Bawumia Accra, Sept.18, GNA – Vice President Dr Mahamudu Bawumia has supported the establishment of a Strategic National Stockpile, which the country can immediately fall on to deal with future public health emergencies. He endorsed the recommendation by the National Security […]

Intensify your campaign for victory in Odododiodoo

A former Member of Parliament for Odododiodoo, Reginald Nii Bi Ayibonte, has charged the National Patriotic Party (NPP) parliamentary candidate for the constituency, Nii Lante Bannerman, to intensify his campaign ahead of the December 7 polls. Ayibonte is of the view that Bannerman has the potential to snatch the seat from incumbent MP, Nii Lante […]

Ecobank, Registrar General hold virtual sensitisation on business re-registation

Ecobank, in partnership with the Registrar General, has sensitised businesses on the Companies Re-registration Directive by the Registrar General’s Department to drive compliance. The event, which was held virtually on Wednesday, September 16, 2020 for over 2,000 participants, is part of the bank’s efforts to support and provide convenient solutions to businesses through leveraging strategic […]

Owners of the 18 Ghana Premier League clubs

Sports News of Saturday, 19 September 2020 Source: www.ghanaweb.com 2020-09-19 play videoThere are eighteen clubs in the Ghana Premier League By the nature of their job, footballers are well known and celebrated across the world. But while they enjoy the fame and success, there is a group of highly influential people who work behind the […]