A customers with First Allied, a collapsed Savings and Loans company has confirmed that government has indeed started full payment of funds to depositors of collapsed Microfinance, Microcredit, Savings and Loans as well as Finance House companies.
Even though she has not received her money, Madam Georgina Offei is hopeful of retrieving her seven thousand cedis(GHc 7,000) remaining at First Allied Savings and Loans before it collapsed.
“Some of my friends have received fully their monies and others half payment; I haven’t received mine yet but still waiting to see my alert before I go for my money. I have been assured to receive my money back,” she said in an interview with NEAT FM’s morning show, 'Ghana Montie'.
Readiness To Commence Full Payment
Management of Consolidated Bank Ghana (CBG) has disclosed the bank’s readiness to commence full payment of funds to depositors of collapsed Microfinance, Microcredit, Savings and Loans as well as Finance House companies.
The full payment of funds, which takes effect from Monday, February 24, 2020 was announced by the President in his 4th State of the Nation Address (SONA) last Thursday.
In his address to Parliament, President Nana Addo Dankwa Akuffo-Addo, said his government has made arrangements to pay all depositors of failed financial institutions, including customers of defunct microfinance company, DKM.
He stressed that the government has made available an extra five billion Ghana Cedis (GHS 5,000,000,000) to pay affected depositors, 100% of their deposits.
Confirming the President's statement, Managing Director (MD) of CBG, Daniel Wilson Addo, indicated that government has made available to CBG a combination of cash and bonds totaling about five billion Ghana Cedis (GHS 5,000,000,000) to fully settle outstanding depositor claims of these resolved institutions as well as that of the 39 Micro Credit institutions in official liquidation.
Listen to her in the interview below . . .
Source: King Edward Ambrose Washman Addo/Peacefmonline.com/Ghana
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It is not thier fault, it's the lies. When you are lying you tend to make so much errors hence "A customers". These journalists have sold their conscience for a piece of bread.
Is this not just a charade? Few Ghana cedis thrown around to friends and cronies and then the process freezes. Why is it taking now to visit DMK unpaid claims. Mr. Seth Terkper asked a question that l am not happy has not been answered....Where are we going to get the money to pay when it has not been captured in 2020 budget? Mr. Kwame Piannim requested money be printed to enable us pay but tjat was rejectesd by BoG. And so again where in the money going to come from.
IF EVEN GOVERNMENT HAS RELEASED MONEY FOR PAYMENT TO BE EFFECTED TO CUSTOMERS OF THESE DEFUNCT SAVINGS AND LOANS COMPANIES, IT IS ALL FOR POLITICAL REASONS. TO WIN VOTES AND TO RETURN TO POWER COME 2021 AND START COLLAPSING MORE BANKS AND OTHER BSINESSES. IT IS FOR POLITICAL EXPEDIENCY. THAT'S ALL! THAT IS WHAT I CALL A POLITICAL BAIT.
Peacefmonline, what kind of reportage and grammar is this. Students read this platform so try and recruit a proof reader. Shame on you
Poor Publication, which kind of grammar is this?
***barred word*** reporting. What are you confirming? The woman said she hasn't even received an SMS from the receiver.
Very welcoming news indeed!!