The Receiver of the 347 collapsed microfinance companies, Eric Nana Nipah, says he has paid close to about Gh₵30 million worth of claims to affected depositors.

According to him, he has received close to 152,000 depositor claims worth about GH₵1.4 billion.

He said, so far, he has been able to validate about 80,000 of the claims which amount to about GH₵600 million.

It will be recalled that the Bank of Ghana (BoG) in May revoked the licenses of 347 insolvent microfinance companies.

The licences of 192 of them were revoked in addition to that of another 155 that have ceased operations.

According to the BoG, the revocation of the licences of these institutions was to get rid of insolvent and dormant institutions that have no reasonable prospects of rehabilitation and have denied depositors access to their deposits, thereby constituting a threat to the stability of the financial system.

Mr Nipah was subsequently appointed receiver of the collapsed companies.


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