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GHS768 million paid to over 6,000 clients of collapsed FMCs – SEC


GHS768 million paid to over 6,000 clients of collapsed FMCs – SEC
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MAY 2, 2021
The Securities and Exchange Commission (SEC) has announced that about GHS768 million has been credited to the accounts of some 6,916 clients of the 53 defunct Fund Management Companies, who signed up for the government s full bailout programme.
According to the Commission, actual payments also made under the Partial Bailout Programme as of March 31, 2021, amount to GHS995 million, representing 81% of total claims and 83% of the total corresponding partial bailout value.
This update comes months after the government announced a bailout package for clients of the 53 defunct Fund Management Companies (FMCs). ....

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