The Receiver of the defunct financial institutions has so far credited ¢200 million into accounts of 800 depositors of the Consolidated Bank Ghana (CBG).
JoyBusiness is learning that the Receiver commenced payment of the component of the depositor’s funds Monday night.
This has resulted in corresponding SMS messages sent to some depositors.
Some of these beneficiaries that have been communicated via text messages were mainly schools, hospitals and churches with locked-up funds.
Sources say Consolidated Bank Ghana, going forward will continue to credit accounts of depositors whose claims have been validated.
Background
The receiver was expected to roll out the payment to these depositors Monday before the close of work. But it appears challenges with finalizing work on validated claims may have affected them in meeting that deadline.
According to the receiver it has received 5 billion cedis in cash and bonds to facilitate this payment. According to the finance ministry is has spent GH¢17.7 billion on the financial sector clean-up. GH¢11.65 billion cedis was spent on the banking sector. GH¢6.1 billion on specialized-deposit-taking-institutions as well as microfinance institution. The finance ministry has noted that this would help improve liquidity in the system.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Over 80 educational projects to be commissioned this week
2 hours -
Kuami Eugene shows leadership; mobilises fellow artistes for peace song
4 hours -
The JOY Prime Made in Ghana Fair: Why not miss it!
4 hours -
GPL 2024/25: Struggling Asante Kotoko aim to bounce back against high-flying Nations FC
5 hours -
GES Deputy D-G admonishes students to uphold integrity and teamwork
5 hours -
Election 2024: Osabarima Dr Owusu Beyeeman advocates for peace
5 hours -
Fashion at Joy Prime Made in Ghana Fair
7 hours -
Alan Kyerematen wanted me to be his running mate – Okyeame Kwame
8 hours -
AFCON 2025Q: Otto Addo calls up Jerry Afriyie, two others for Niger clash
10 hours -
Vacant Seats: Supreme Court failed to strengthen Ghana’s democracy – NDC’s Beatrice Annan
10 hours -
Coop Kee makes bold statement with ‘Ohemaa’
10 hours -
Judiciary not a rubber stamp for Jubilee House decisions – Atta Akyea asserts
10 hours -
Judiciary being manipulated by politicians – Franklin Cudjoe claims
10 hours -
NPP slams ‘unwarranted and disgraceful’ attacks on Kufuor
10 hours -
Election 2024: Dampare cautions public against electoral misconduct
10 hours