Receiver increases amount to be paid to collapsed microfinance, S&Ls depositors

The receiver for the collapsed 347 microfinance companies as well as 23 savings and loans and finance houses, Eric Nana Nipah has stated that depositors can now access up to GH¢20,000 of their locked-up funds.

Mr. Nipah early on the receivership process announced that only depositors with validated claims below GH¢10,000 will be paid their funds.

However, a statement issued by the Spokesperson for the Receiver, Philomena Kuzoe, said the GH¢10,000 ceiling placed on payments has now been adjusted upwards to allow customers to have access to more of their locked-up funds.



Source: citibusinessnews