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RADP / Pulse Ghana  >  news  >  business

Customers of defunct company to receive GH¢352 million

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Customers who also missed their previous payment dates are being asked to contact the designated recipient bank (GCB Bank) in the Brong Ahafo, Northern and Upper regions before the end of September this year.

This was after financial consultant to the official liquidator, PricewaterhouseCoopers (PwC), validated the company’s liability of GH¢605 million to 87,000 depositors.

The liabilities were assessed mainly on information from the microfinance company’s computer servers.

The liquidator has, however, indicated that it also received claims which were not captured in the company’s computer system.

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For now, those claims are still investigated, the liquidator said.

Meanwhile, the official liquidator has started making payments to about 74,000 depositors whose balances with the company were up to GH¢10,000.

For those depositors, they will receive 100 percent of their validated claims, representing about 85 percent of the number of depositors.

The other 13,000 depositors, whose balances were above GH¢10,000, will receive in addition to the initial GH¢10, 000 a negotiated top-up payment ranging between 10 percent and 35 percent of their outstanding balances.

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