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Official Liquidator to host investor class meeting for customers of defunct FMCs

Official Liquidator to host investor class meeting for customers of defunct FMCs
businessdayghana.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businessdayghana.com Daily Mail and Mail on Sunday newspapers.

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Official Liquidator to have investor class meeting with customers

Official Liquidator to have investor class meeting with customers
thebftonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thebftonline.com Daily Mail and Mail on Sunday newspapers.

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Government allocates GHS5.5bn to pay customers of 17 Asset Management Companies

“Mr Speaker, the resolution of the banking industry has been completed while that of the 17 asset management companies (AMC) is ongoing.
“Out of an estimated amount of GHS8.5 billion, this august House approved an amount of GHS3.1 billion in July 2020 to settle investors of 30 failed AMCs.
“While the Securities and Exchange Commission (SEC) waits to obtain liquidation orders for the remaining 17 AMCs, it worked with the Ministry of Finance to provide a partial bailout of GHS50,000 each, paid to over 90,000 investors,” the Majority Leader said.
“Mr Speaker, for the Securities and Exchange Commission to fully settle investors of the remaining 17 AMCs, an amount of GHS5.5 billion (1.3% of GDP) is estimated to achieve that. ....

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