Defunct Financial Institutions

Menzgold customers demand GHC 11.4m or take legal action against the state

Amanda Clinton, a lawyer and representative of customers of defunct financial institution, Menzgold Ghana Limited,…

Let our clients also benefit from bailout package – BlackShield Capital Limited to SEC

The Management of BlackShield Capital Limited has expressed displeasure as their clients will not benefit…

Lack of records delays Receiver’s GHC252 million validation of claims

Eric Nana Nipah, the Receiver of some collapsed microfinance, finance houses, and savings and loans…

Defunct Man Capital customers demand timelines for payment of locked-up funds

Customers of one of the defunct financial institutions, Man Capital Microfinance Company Limited are seeking…

Measures have been put in place to identify struggling banks – BoG Governor

Bank of Ghana’s (BoG) Governor, Dr. Ernest Addison, has said strict measures have been put…

ASEPA discredits claims made by Deputy Finance Minister over full payment of claims to depositors

The Alliance for Social Equity and Public Accountability (ASEPA), has rebutted claims made by the…

Deputy Finance Minister insists 96 percent of depositors have “been paid in full”

Deputy Finance Minister, Charles Adu Boahen has disclosed that 96 percent of depositors’ locked-up funds…

GN Bank didn’t operate as a Ponzi Scheme – Groupe Nduom responds to Finance Minister

Chairman of Groupe Nduom, Dr. Paa Kwesi Nduom has slammed claims suggesting that his outfit,…

Receiver extends deadline on submission of bids to purchase assets of resolved companies

Mr. Eric Nipah, the Receiver for 347 microfinance companies and 23 Savings and loans companies,…

Receiver pays 330,000 depositors, GH¢598m recovered from targeted ¢2.9bn combined assets

The Receiver of collapsed microfinance, savings and loans and other financial institutions, Mr. Eric Nana…

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