• Latest
  • Trending
Nana Addo

All depositors of the defunct banks have been paid – Nana Addo

August 5, 2020
Ghana Olympic Committee sets up Communications Sub-Committee to enhance Ghanaian sports engagement

Ghana Olympic Committee sets up Communications Sub-Committee to enhance Ghanaian sports engagement

May 24, 2025
Seven Sudanese migrants die after being stranded on Libyan desert

Seven Sudanese migrants die after being stranded on Libyan desert

May 24, 2025
Mahama defends cedi stability, attributes gains to leadership

Mahama defends cedi stability, attributes gains to leadership

May 24, 2025
GACL refutes reports of safety lapses at Kotoka International Airport

GACL refutes reports of safety lapses at Kotoka International Airport

May 24, 2025
"Adenta Kumi" charged with publication of fake news

“Adenta Kumi” charged with publication of fake news

May 23, 2025
Violent clashes in Nsawam Adoagyiri lead to widespread destruction

Violent clashes in Nsawam Adoagyiri lead to widespread destruction

May 23, 2025
Audit Service rejects UTAG-UG Claims, Upholds Integrity of UG Compensation Audit Report

Audit Service rejects UTAG-UG Claims, Upholds Integrity of UG Compensation Audit Report

May 23, 2025
South Africans rally behind Ramaphosa after a tense white house meeting with Trump

South Africans rally behind Ramaphosa after a tense white house meeting with Trump

May 23, 2025
GWL initiates controlled spillage of Weija Dam, issues flood warning

GWL initiates controlled spillage of Weija Dam, issues flood warning

May 23, 2025
Kasoa-Transport-Officer-encourages-Drivers-to-accept-new-fare-reduction

Kasoa Transport Officer encourages Drivers to accept new fare reduction

May 23, 2025
Interior-Minister-reaffirms-government's-support-for-Fire-Service-modernization

Interior Minister reaffirms government’s support for Fire Service modernization

May 23, 2025

GNFS urges media to verify facts before reporting on fire incidents

May 23, 2025
Happy Ghana
Advertisement
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home Sports

All depositors of the defunct banks have been paid – Nana Addo

in Sports
Nana Addo

https://www.happyghana.com/no-individual-involved-in-missing-excavators-will-be-shielded-nana-addo/

Share on FacebookShare on TwitterShare on Whatsapp

President Akufo-Addo says government has paid all depositors whose monies were locked up in some defunct banks during the banking sector reform.

He said there is not a single depositor who has not received his or her money as of August 2020.

According to Akufo-Addo, the government is spending GH¢21 billion to protect investors and depositors to make sure people do not pay for the irresponsible manner in which the banking sector was managed.

‘Let me repeat this, all those whose savings were in the bank, all those savings have been refunded and paid to the people. The intervention of the Central Bank was to protect their savings because many of the banks that finally went into receivership were about to collapse.

“Their situation was dire and if they had been allowed to collapse, all those deposits would have gone in flames,” Akufo-Addo stated.

His comment follows claims that the government had failed to deliver on its promise to investors of the various defunct banks, microfinance, and savings and loan companies that were closed down.

However, in a radio conversation on Sunrise FM in Koforidua, Akufo-Addo refuted the claims and insisted that all depositors have been fully paid.

He said 98% of depositors at the microfinance and savings and loans have also been paid, adding that, the rest would be paid by the end of August 2020.

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

Fulham deserves Premier League, not Championship – John Paintsil

Next Post

NDC leads NPP by eight percent in June results of Ghana Election Poll

Next Post
NDC and NPP

NDC leads NPP by eight percent in June results of Ghana Election Poll

Search

No Result
View All Result

Listen Live

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Ghana Olympic Committee sets up Communications Sub-Committee to enhance Ghanaian sports engagement
  • Seven Sudanese migrants die after being stranded on Libyan desert
  • Mahama defends cedi stability, attributes gains to leadership
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.