Regulatory Alerts2021-05-06
Update on Bailout Implementation Programme
The Securities and Exchange Commission of Ghana provides a progress report on the government-backed bailout programme for clients of defunct Fund Management Companies, detailing liquidation orders, claim validations, and payout distributions. As of March 31, 2021, the regulator has validated 100,700 claims totaling GHS 8.314 billion and disbursed over GHS 1.76 billion across multiple full and partial bailout phases. Citing a GHS 5.5 billion parliamentary allocation to cover all validated claims, the SEC assured affected investors that payouts will continue through official channels and explicitly warned against using unauthorized intermediaries.
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