[ad_1]
<! –
->
<! –
->
Eric Nana Nipah, the receiver appointed by the Bank of Ghana for insolvent and dormant microfinance companies, will start paying depositors for the 347 insolvent microfinance companies.
However, a declaration sanctioned by the receiver specified that only the depositors whose claims have been validated and accepted will be settled.
The move follows the release of funds by the government to the receiver.
"The receiver has deployed more than 420 people across the country to validate and accept applications and begin making payments to applicants whose applications have been validated and accepted without delay.
"Payments to depositors will be made in designated branches of the CBG, following notifications to these depositors by the escrow office," the statement said.
Applicants whose applications have been validated and accepted will also receive telephone calls from the escrow representatives confirming the amounts due to them and referring them to designated CBG branches for the processing and payment of their claims, to the extent possible. .
Applicants will be required to provide valid identity documentation.
These can be pbadports, NHIS cards, a voter card and a driver's license.
In accordance with the ranking order set out in the relevant articles of the Banks and Specialized Deposit Institutions Act No. 930 of 2016, all other creditors will receive their receivables based on the amount and timing of the badets. made under the receivership of the creditor. affected microfinance companies.
Nipah urged all microfinance depositors to be patient, as the government provided funds to pay each depositor whose claims were validated and accepted, to the extent possible.
On May 31, 2019, the Bank of Ghana revoked the license of 347 microfinance institutions and, pursuant to section 123 (2) of Law 930, appointed Eric Nana Nipah, Director of PricewaterhouseCoopers (Ghana) Limited ("PwC"). ) to the escrow office. to close the business of the microfinance companies involved
The main tasks of the receiver are:
(i) recover and maximize the realization of badets for the benefit of creditors, including depositors and
(ii) apportion the achievements in accordance with the relevant provisions of Law 930, in order to repay the debt of these institutions vis-à-vis their group of creditors, as far as possible.
[ad_2]
Source link
