The Receiver for the collapsed the 347 microfinance companies and the 23 savings & loans and finance house companies is urging loan defaulters to settle their debts to the defunct companies.
“…the Receiver wishes to notify the general public especially person/persons/institutions who took loan facilities from these defunct companies to visit any of the maintained branches of these institutions for repayment of the loans immediately,” the statement said.
“Borrowers are to note that, the Receiver will pursue all recalcitrant defaulters through all available means as permitted by the Act including, but not limited to, legal actions and publishing names of recalcitrant defaulters in national and international newspapers,” it added.
The Receivership, in a press release issued on Monday, also noted the ease in the repayment process because it has provided a list of MTN mobile money numbers through which customers may settle their outstanding obligations to the defunct companies.
Find below the full statement
NOTICE TO ALL BORROWERS AND LOAN DEFAULTERS
Pursuant to Section 123 (1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930) (“the Act”), Bank of Ghana (“BoG”) on 31 May 2019 and 16 August 2019 revoked the operating licenses of 347 insolvent Microfinance Companies and 23 Savings and Loans and Finance House Companies respectively, and in accordance with Section 123(2) of the Act appointed Eric Nana Nipah, a Director of PricewaterhouseCoopers Ghana Limited (“PwC”) as the Receiver for the purposes of winding down the affairs of these companies.
Section 127 (3) of the Act mandates the Receiver to realise all assets of the resolved companies, including outstanding loans and advances, for the benefit of creditors.
Accordingly, the Receiver wishes to notify the general public especially person/persons/institutions who took loan facilities from these defunct companies to visit any of the maintained branches of these institutions for repayment of the loans immediately. (for a list of the maintained branches, please visit the Receiver’s website: www.ghreceiverships.com)
Customers may settle their outstanding obligations to the defunct companies through the respective MTN MoMo numbers and/or receivership bank accounts listed on the below tables. The Receiver would like to entreat all borrowers to cooperate with his authorised representatives/agents in this regard.
Borrowers are to note that, the Receiver will pursue all recalcitrant defaulters through all available means as permitted by the Act including, but not limited to, legal actions and publishing names of recalcitrant defaulters in national and international newspapers.
Please note that the working hours for the maintained branches of the defunct companies remain from 8:00am to 5:00pm, Mondays to Fridays.
For further information on the Loan Repayments, please call 024 243 9441/ 0550000966. You may also write to the;
The Receiver,
25 B Manet Towers
PMB CT42, Cantonments
Accra, Ghana
www.ghreceiverships.com
SGD
ERIC NANA NIPAH
