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He said every customer of any of these collapsed financial institutions with legitimate claims will be paid.
Speaking on Citi FM in Accra, he said the work done so far shows that the total value of valid claims is GHS 5.4 billion.
He noted that about 96% of those who are owed have already been paid and the others will be paid by the end of July.
âFor depositors, we have come a very long way and I have been able to determine that the depositor base in the three receiverships is in the region of GHS 5.4 billion by value of valid depositor claimsâŚand out of that, I have been able to pay close to 96% of these claims,â he said.
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Aggrieved Menzgold customers
Mr. Nana Nipah added that about 98% of the claims will be paid in cash while the remaining two percent will be paid through a combination of cash and bond.
âI am on course to fully pay 98% of all depositor claims by way of cashâŚThe two per cent that remains is being paid through a combination of cash and commercial paper which we commonly refer to as bondsâŚThrough the very effective and robust validation mechanism that I have put in place, I have been able to save the nation close to a billion cedis by way of robust and resilient validation processes,â he added.