Closure of 53 Fund Managers: Securities Association demands clarity on processes to retrieve locked up cash

The Ghana Securities Industry Association (GSIA) wants the Securities and Exchanges Commission to be clear on the processes put in place for customers who invested their monies in the 53 fund management companies whose licenses had been revoked to retrieve their investments. This, the Associations says, will help minimise the adverse impacts of low investor […]

Details: BoG answers all your questions about revocation of licenses of insolvent microfinance institutions

The Bank of Ghana has answered most of the Frequently Asked Questions (FAQs) on why it revokes the licenses of insolvent micro-finance institutions. Just today, Friday, May 31, 2019, the BoG announced the revocation of the licenses of as many as 347 micro-finance companies. Read the 14 answered questions below: FAQs-Revocation of Licences of Insolvent […]