• Latest
  • Trending
Daniel Wilson-Addo

Consolidated Bank Ghana (CBG) has clarified how customers of collapsed financial institutions can access their cash and bonds, following the government’s decision to pay the affected customers.

April 6, 2020
Gov’t proposes ₵1 Tax on petroleum products to tackle power crisis under new energy levy bill

Gov’t proposes ₵1 Tax on petroleum products to tackle power crisis under new energy levy bill

June 3, 2025
June 3rd Disaster: One Ghana Movement steps up as Government fails to fund 10th Anniversary ceremony

June 3rd Disaster: One Ghana Movement steps up as Government fails to fund 10th Anniversary ceremony

June 3, 2025
BoG to crack down on hidden bank charges and digital lending practices

BoG to crack down on hidden bank charges and digital lending practices

June 3, 2025
Wontumi makes first appearance at NPP head office after release

Wontumi makes first appearance at NPP head office after release

June 3, 2025
Muslim pilgrims arrive in Mecca for Hajj pilgrimage

Muslim pilgrims arrive in Mecca for Hajj pilgrimage

June 3, 2025
Fiaso Chiefs and Farmers appeal for yam storage facility as harvest season commences

Fiaso Chiefs and Farmers appeal for yam storage facility as harvest season commences

June 3, 2025
We support your 24 hour economy policy- FAGE to Mahama

We support your 24 hour economy policy- FAGE to Mahama

June 3, 2025
School selection before exams motivates students to study more – GES reveals

School selection before exams motivates students to study more – GES reveals

June 3, 2025
GES to reduce double track system in high schools by 25%

GES to reduce double track system in high schools by 25%

June 3, 2025
You can count on us- Mahama to Ghanaian Exporters

You can count on us- Mahama to Ghanaian Exporters

June 3, 2025
Take advantage of the cedi appreciation- Mahama to Ghanaian Exporters

Take advantage of the cedi appreciation- Mahama to Ghanaian Exporters

June 3, 2025
Finance Minister disburses nearly GHS 1 billion to district assemblies as first quarter of DACF

Finance Minister disburses nearly GHS 1 billion to district assemblies as first quarter of DACF

June 3, 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 Business

Consolidated Bank Ghana (CBG) has clarified how customers of collapsed financial institutions can access their cash and bonds, following the government’s decision to pay the affected customers.

in Business
Daniel Wilson-Addo
Share on FacebookShare on TwitterShare on Whatsapp

Consolidated Bank Ghana (CBG) has clarified how customers of collapsed financial institutions can access their cash and bonds, following the government’s decision to pay the affected customers.

It will be recalled that Government has provided a combination of cash and bonds totalling Five Billion Ghana Cedis (GHS5,000,000,000.00) to pay depositors of the collapsed financial institutions. 

At the direction of the Receiver of the defunct MFI & S&Ls the bank has almost concluded paying affected customers of the defunct institutions the cash component of their validated investments. For customers whose deposits exceed the cash payment threshold as advised by the Receiver, a special account has been opened to hold the balance payable.

Read also: CBG starts MoneyGram Service

According to CBG, funds in excess of the cut-off for cash payment will be held in special holding accounts opened for the depositors and paid in equal instalments every six months over a five-year period after the initial payment is made in March 2021.

The Bank has established a mechanism for those depositors who wish to obtain cash ahead of the liquidation schedule to discount those expected cashflows with the bank at a very competitive rate.

Managing Director of the Bank, Daniel Wilson Addo pledged the Bank’s commitment to play its role professionally and in its usual customer-centric approach to business. He assured the depositors of the defunct financial institutions that the bank will soon publish the modalities involved to all concerned.  The Managing Director concluded by reminding everyone of the need to observe the various safety protocols that have been advised to ensure containment of the COVID-19 virus. He advised customers to call 0302216000 or send a mail to talktous@cbg.com.gh for all enquiries.

www.cbg.com.gh

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

Unsubscribe
Previous Post

COVID-19: Ghana to enter critical period next week – Nana Addo

Next Post

Today In Sports History: Asante Kotoko CEO Sylvester Asare-Owusu banned for five years

Next Post
Today In Sports History: Asante Kotoko CEO Sylvester Asare-Owusu banned for five years

Today In Sports History: Asante Kotoko CEO Sylvester Asare-Owusu banned for five years

Search

No Result
View All Result

Listen Live

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Gov’t proposes ₵1 Tax on petroleum products to tackle power crisis under new energy levy bill
  • June 3rd Disaster: One Ghana Movement steps up as Government fails to fund 10th Anniversary ceremony
  • BoG to crack down on hidden bank charges and digital lending practices
  • 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.