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