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Business News of Wednesday, 13 November 2019

Source: www.citibusinessnews.com

SEC lists CBG branches for investors to begin validation process

The Securities and Exchange Commission has directed investors with locked-up funds in the 53 collapsed fund management companies to visit some specific branches of the Consolidated Bank Ghana to begin processes to retrieve their investment.

In a statement issued on Wednesday, the capital market regulator the designated CBG branches will from November 18, 2019, open to receive from clients of the affected FMCs, evidence of investment claims such as investment certificates, account statements, receipts and other relevant documentation for validation.

“The offices of the affected FMCs will remain closed until further notice. We will issue further notice on commencement of payment to investors whose claims have been validated,” the statement.

Attached is the list of the CBG’s branches for customers to commence their validation processes.