Ghana: Update on Economy: Govt to pay GH¢700m to customers …as first tranche of GH¢1.5m to bail out assets management companies

A total of GH¢700 million is to be re­leased to the Secu­rities and Exchange Commission (SEC) to pay individu­als whose funds were locked up in some Fund Management Companies (FMCs) as part of the financial sector clean-up exercise embarked on by the government.

The money, is the first tranche of an additional GH¢1.5 billion to be released by the government to bail out the remaining asset management companies including Blackshield Fund Management Limited.