Regulatory Alerts2020-12-15
FAQs on the Government Bailout Package
The Government of Ghana, overseen by the Securities and Exchange Commission, has implemented a partial cash bailout of Gh₵50,000 for investors of defunct fund management companies awaiting court liquidation orders. Eligible clients must complete an online claim acceptance, upload identification documents for KYC verification, and visit a designated GCB Bank branch to collect the funds. This interim relief operates alongside ongoing judicial processes, with investors holding claims above the partial threshold or in firms with secured liquidation orders eligible for a subsequent full bailout structured around tiered share allocations.
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