Tag Archives: DEPOSITORS

The coalition of savings and loans customers is challenging government’s assertions that some 98% of all depositors of microfinance, savings and loans and financial houses whose licenses were revoked, have been paid their claims. The aggrieved customers contend government has only validated five hundred and three thousand out of the …

Former President John Mahama has criticized the way and manner the Akufo-Addo administration handled the banking crisis. He said the government could have spent GH¢9 billion to save the banks rather than allowing them to collapse and to pay deposits of customers to the tune of GH¢22 billion. In 2017, …

President Akufo-Addo says the government has paid all depositors whose monies were locked up in some defunct banks during the banking sector reform. He said there is not a single depositor who has not received his or her money as of August 2020. According to Akufo-Addo, the government is spending …