Banking crisis: Submission date of ‘proof of debt forms’ extended for customers

Eric Nipah, Receiver

The Receiver of
collapsed financial institutions, Eric Nana Nipah, has extended the deadline
for the submission of ‘Proof of Debt forms’ to Friday, September 27, 2019.

The receiver says
the decision to extend the deadline date is to allow customers ample time to
submit their forms so that they can be duly paid.

The Bank of Ghana,
pursuant to section 123 (1) of the Banks and Specialised Deposit-Taking
Institutions Act, 2016 (Act 930), appointed the Director of Price Waterhouse Coopers
Ghana Limited, Eric Nana Nipah, as the receiver of banks it had declared insolvent.

Per the
appointment, the receiver has taken control of some 347 microfinance companies and
is expected to ensure that customers of the affected banks are paid.

The Receiver the set September 12, 2019, as the deadline for customers to submit their documents for validation for payment.

A statement,
however, singed and released by Mr Nipah said the deadline had been extended to
September 27, 2019.

The release said
the Receiver had noted that some depositors of the 347 microfinance companies
were yet to submit their ‘Proof of Debt forms’ hence the decision to extend.

Mr Nipah has
urged customers to ensure that they meet the deadline so that they can have
their monies paid.