The Bank of Ghana has assured that customers of the 23 finance houses and savings and loans companies shut down, will not lose their respective investments.<\/p>\n
The Central Bank says it has provided funds to ensure that the Receiver of the"},"modified":"2019-08-17T03:53:42","modified_gmt":"2019-08-17T03:53:42","slug":"funds-available-to-pay-customers-of-collapsed-saving-loans-firms-finance-houses","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2019\/08\/17\/funds-available-to-pay-customers-of-collapsed-saving-loans-firms-finance-houses\/","title":{"rendered":"Funds available to pay customers of collapsed saving & loans firms, finance houses"},"content":{"rendered":"
<\/p>\n
The Bank of Ghana has assured that customers of the 23 finance houses and savings and loans companies shut down, will not lose their respective investments.<\/p>\n
The Central Bank says it has provided funds to ensure that the Receiver of the financial entities, whose licenses have been revoked, will pay the affected customers.<\/p>\n
\n\u201cThe Government has made available funds to enable the Receiver to pay depositors of the savings and loans companies and finance houses after validation of their claims. Other creditors of the failed institutions will be settled by the Receiver in line with the hierarchy or priority of creditors\u2019 claims set out under Act 930,\u201d the Bank of Ghana said in a statement.<\/p>\n<\/blockquote>\n
The BoG however indicated that the Receiver for affected financial institutions, Eric Nipah will \u201cin due course \u201cannounce when and where the payments to the depositors will be made.\u201d<\/p>\n