The Finance Minister has declared that GH¢700 million has been approved by the government for clients who lost money in the banking sector cleanup effort.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Finance Minister Dr. Mohammed Amin Adam has announced that government has approved GH¢700 million to be paid to customers of fund management companies who lost their monies after the financial sector clean up exercise.

This is part of a GH¢1.5 billion cedis fund approved by Cabinet to settle customers whose funds got locked up, including customers of Blackshield Fund Management Company.

Speaking at a press briefing, Dr. Amin Adam disclosed that the GH¢700 million has been processed for the Securities and Exchange Commission to pay the affected customers.

Source: newsthemegh.com