Customers of defunct Savings and Loans, as well as microfinance companies,Â areÂ to receive their payment through the Consolidated Bank Ghana (CBG).
The Bank in a communique to staff Monday outlined modalities for payment to customers effective today, February 24.
â€œBased on data to be submitted to CBG by the Receiver, CBG will open new accounts for all depositors whose (claims) have been validated and accepted by the Receiver for payment.
â€œCBG will open two sets of accounts, one operational account and another investment account to hold the bonds if the customerâ€™s fund exceeds the cash payment threshold,â€ the communique said.
There will also be an SMS sent from the Receiver to the depositors due for payment, setting out the account number and cash amount due depositors.
According to the bank, depositors who wants to at any time access their funds after should bring along either a driversâ€™ license, voterâ€™s identification card or a passport to confirm their identity.
For corporate and SMS customers, the statement added that they â€œwill receive a default savings account that will be opened and communicated to them by the Receiver.
â€œThey will go through the normal KYC to open their current accounts where funds in the savings account will be transferred into.â€