Receiver for some of the defunct financial institutions is putting payment of depositors funds ending last Friday at a little over  ¢745 million. This is based on some 15,000 depositors claims validated. According to an official statement from the Receiver, they are working hard clear all these validated claims before the end of this month. Meanwhile receiver, Eric Nana Nipah tells they are committed to payment all the remaining funds. Eric Nana Nipah is Receiver for some defunct, Savings and Loans, Micro-credit and finance houses. The payment of the remaining approximately 40,000 depositor claims begun in earnest on Monday 24 February 2020 funded by the cash component of the GHS5bn amounting to ¢1bn. As at Friday 28 February 2020, depositor claims of approximately 15,000 in number, worth over ¢745million have been transferred to Consolidated Bank Ltd (“CBG”) the paying bank, for payment to depositors, from the ¢1 billion cash component of funds received from Government. We are in the process of reconciling with CBG, the number and value of depositor claims which have actually been paid to date. Payment of outstanding depositor claims which have been validated and agreed in the receiverships and official liquidation of the resolved institutions will continue this week and beyond and would be concluded by 31 March 2020. It is expected that overall, approximately 352,0000 depositor claims will be fully settled with cash only by the conclusion of depositor payments and that the remaining 8,000 depositor claims (worst case scenario), worth approximately ¢4 billion will be fully settled within this period i.e. by 31 March 2020 with a combination of cash and Bonds. Full details of the bonds to be issued to depositors whose claims will not be fully satisfied by the payment of cash alone will be disclosed in the course of this week. Stakeholders may direct all concerns on the above receiverships to: The Receiver,