Begining today, Wednesday, September 16, 2020, Ghc 3.5 billion released by government to pay depositors of banks and microfinance which were collapsed. This was contained in a statement issued by the reeiver of the defunct institutios.
“Notice is hereby given that with effect from Wednesday 16 September 2020, affected depositors may contact any branch of Consolidated Bank Ghana Ltd (“CBG”) the paying bank to access their newly created Cash accounts which were originally designated as Commercial Paper (Bond) accounts at the bank,”
It added: “The implication of the above is that depositors who have either received or are due Commercial Paper in partial satisfaction of their claims will now receive CASH payments at no discount for the Commercial Paper they have either received or is due to them. Please note that depositors who have already discounted all or part of their Commercial Paper will receive a full refund in cash of the discount they suffered”.
It is however not clear if the payment includes Blackshield and NDK customers
