We have paid over 6,000 customers of defunct finance houses – CBG
Business & Economy section is brought to you by Jiji.gh — #1 Ghanaian online marketplace
Visit website

We have paid over 6,000 customers of defunct finance houses – CBG

The Consolidated Bank Ghana (CBG) has said a total of 6,446 individual customers of defunct Microfinance Companies, Finance Houses and Savings and Loans Companies have been paid their locked-up cash.

Our manifesto: This is what YEN.com.gh believes in

According to the bank, 449 customers who are social and welfare organizations have equally been paid.

Citi News sources at CBG confirmed the payment, saying the process had so far been smooth without any difficulties.

READ ALSO: Taking GETFund cash was shameless, cheap - Ken Agyapong jabs Adwoa Safo

The payment follows the receiver’s assurance that all affected depositors would receive their locked up investments by end of March.

Speaking in an interview with Citi Business News, Spokesperson for the Receiver, Philomena Kuzoe had earlier said since February 24, about 800 people had been notified to retrieve their locked up cash amounting to GH¢200 million from CBG.

“So yesterday [Monday], we paid the social institutions made up of the churches, hospitals, schools, welfare associations who have their claims with these defunct microfinance and savings and loans institutions. We are expecting to finish by the end of March,” she said.

READ ALSO: Osei Kwame Despite to become Ghana's president; Prophet (video)

In other news, Member of Parliament(MP) for Assin Central Constituency, Kennedy Ohene Agyapong, has described his colleague legislators who benefited from Ghana Education Trust Fund (GETFund) scholarships including Sarah Adwoa Safo as shameless and cheap.

According to him, he does not see how some of the names mentioned in the scandal need that money from the GETFund secretariat.

Kennedy Agyapong said he could have even opted to pay for the fees for her if she had asked him to bail her out.

READ ALSO: I am ashamed MPs also went for GETFund scholarship – Inusah Fuseini

"I will score President Nana Addo Dankwa Akufo-Addo 0/100" - Market woman reveals | #Yencomgh

Subscribe to watch new videos

Want to be featured on YEN.com.gh? Send us a message on our Facebook page with your stories, photos or videos.

Source: Yen

Online view pixel