In the upcoming days, heads of bankrupt fund management companies will be summoned to meetings to deliberate on allocating the first GH₵700 million of the government’s GH₵1.5 billion bailout package. This money is a portion of GH₵9 billion set aside to help people impacted by the banking sector cleaning and institutions that have collapsed. More than GH₵4 billion has already been paid out to claimants, according to Rev. Daniel Ogbamey Tetteh, Director General of the Securities and Exchange Commission (SEC).
The GH₵700 million will be deposited into a management fund for distribution, according to Rev. Tetteh. The heads of the failed companies will shortly meet with fund managers to discuss the conditions, procedures, and deadlines for obtaining these cash. Additionally, Rev. Tetteh stated that meetings will soon be held by the Fund management to provide investors with more details on the procedure.
In related news, clients of Menzgold, the closed gold dealer, are still having problems. More than 200 members of the Menzgold Customers Association have passed away as a result of not being able to access their money, according to Fred Forson, the organization’s president. Mr. Forson stated, “Our money retrieval remains unresolved, and the situation is deteriorating,” during an Elton Brobbey interview on The Pulse.
SOURCE: https://dew360.net
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