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Press Release

Full Guaranteed Payment of all Validated Depositor Funds of Resolved Microfinance, Microcredit, Savings & Loans, and Finance House Companies

The Ministry of Finance has released GH¢ 5 billion to the Receiver of the defunct Savings and Loans and Microfinance Companies, as well as the Official Liquidator of the Micro Credit companies through Consolidated Bank Ghana (CBG), in a combination of cash and bonds to fully settle all validated claims due depositors of failed Specialised Deposit-Taking Institutions (SDIs).

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Hon Ken Ofori-Atta tells CITI’s Bernard Avle: “He’s upbeat about Ghana’s future, the Energy Sector reforms are on Course and the PDS Saga over”

In a wide-ranging interview on CITI News last night, the first granted by the Finance Minister since the decision of the Government of Ghana to terminate the PDS concession, Hon. Ofori-Atta told Mr. Avle that Government is methodically addressing the challenges in Ghana’s energy sector, inherited from the “Dumsor” era. 

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