Audio By Carbonatix
The Bank of Ghana (BoG) says an untraceable investments amounting to ¢116.7 million of collapsed Microfinance Finance Companies (MFCs), Savings and Loans Companies (S&Ls) and Finance House Companies have been identified.
The Central Bank has indicated that it will require the assistance of the Economic and Organised Crime Office (EOCO) to conduct further investigations.
According to the BoG, the highest amount of ¢20.69 million discovered was linked to Accent Financial Services, which placed the said amount with Capital and More Microfinance.
The least amount was ¢533,132 linked to Express Savings and Loans Company and the fund placed with Senaf Investments.
According to the Receiver (Eric Nana Nipah), all attempts to trace the whereabouts of the investment companies have been unsuccessful.
“We are in the process of transmitting a formal request through BoG to EOCO to trace these non-operational institutions and assist with recovery of the funds”, he said.
Latest Stories
-
National Peace Council urges investment in youth to sustain Ghana’s peace
4 minutes -
Afenyo-Markin urges youth to speak up against injustice
14 minutes -
CAF annuls Edo Queens victory, orders WAFU B final to resume from extra time
37 minutes -
Interior Minister urges traditional authorities to enforce anti-bushfire bye-laws
38 minutes -
3rd Republic Bank-JoyNews Habitat Fair Clinic ends on a high note after three days of strong patronage
40 minutes -
Ten climbers missing after avalanche hits Himalayan base camp
1 hour -
NPP had more permanent fuel relief measures than current GH¢2 diesel cut – Amin Adam
2 hours -
Photos from the 3rd Republic Bank-JoyNews Habitat Fair Clinic
2 hours -
Ethiopia’s army promises restraint amid fears of new civil war
2 hours -
Amin Adam calls for review of fuel taxes as diesel prices remain above GH¢18
2 hours -
World Vision Ghana, Ahafo districts sign MoU for universal WASH coverage
3 hours -
When the gold engine stutters: What Ghana’s Cedi and reserves are telling us about the new economic architecture
3 hours -
Two reportedly die after being trapped in mining pit at Juaboso
3 hours -
Petrosol cleans up Wa Municipal Hospital, to donate medical equipment
3 hours -
‘If NPP was ‘insensitive’ over fuel prices, NDC must accept same description now’ — Amin Adam
4 hours