Home News General News Government releases GHC3.5billion to receiver for full payment of depositors’ claims

Government releases GHC3.5billion to receiver for full payment of depositors’ claims

Government through the bank of Ghana has released an amount of GHC3.5Billion to the receiver of defunct banks and financial institutions, CBG Bank for the full payment of depositors’ claims.

Unlike previously when the receiver issued bonds to customers instead of cash, depositors of these financial institutions will be receiving their claims in cash starting tomorrow September 16th, 2020.

Depositors whose claims were issued in Bond can also liquidate the bonds for cash, the release states.

Akufo-Addo honours promise

The president of the republic of Ghana, H.E. Nana Addo in an address to the chiefs and people of Wenchi on 13th September, promised to pay in full DKM customers by the end of the month.

Source: Ghanatribune.com

SOURCEGhanaTribune.com