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Business news for Thursday, September 17, 2020
Source: www.ghanaweb.com
2020-09-17
Managing Director of Consolidated Bank Ghana, Daniel Wilson Addo
Consolidated Bank Ghana (CBG) Managing Director Daniel Wilson Addo has said the bank has put in place a hassle-free process to pay clients of defunct savings and loan companies and other financial institutions.
Daniel Wilson urged depositors who wish to withdraw their money to go through the processes when they visit any bank branch with their documents validated.
Speaking to Citi News, Mr. Addo confirmed that the accounts of all clients of defunct microfinance, savings and loan companies and finance houses have been fully credited to the cash value of their estimated bonds and that funds have already have been paid into their accounts. depositors.
“Depositors’ accounts have already been credited. Therefore, the full amount of money owed to each customer is available to them at any CBG branch, whether they come to the bank or not. This means that they can withdraw at any time if they wish. All they need to do is go to the bank in the first instance so that we can validate with a minimum check to make sure it is the same person. We assure you that it is a smooth process, “he said.
He added: “CBG is not new to payments like these. We have even prepared for a stampede, however, it turned out that only a few clients entered for their money. This is proof of the hard work that we have done over the past few years. I think these depositors know about CBG’s processes and services and how seamless and excellent we can execute payments so they don’t have to rush. “
Commenting on the discounts, Mr. Addo indicated that depositors who have received or owe Commercial Paper in partial satisfaction of their claims will now receive non-discounted cash payments for Commercial Paper they have received or are owed. Additionally, depositors who have already discounted all or part of their Commercial Paper will receive a full cash refund of the discount they suffered.
The depositors of the collapsed institutions received the green light so that, as of Wednesday, September 16, 2020, they have full access to their funds after the release of a total of GH ¢ 3.56 billion to settle the remaining claims of depositors of the 347 missing microfinance companies. 23 Savings and Loan Houses and Finance.
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