Vice President Dr. Mahamudu Bawumia has declared that the Ministry of Finance is preparing to reimburse clients of companies that were liquidated by the Securities and Exchange Commission (SEC) during the financial sector clean-up exercise.
This, he stated, will bring some relief to individuals and investors affected by the banking sector clean-up.
It would also ensure transparency and accountability within the financial market, he said.
He disclosed this while addressing professional bodies in Kumasi as part of his tour of the Ashanti Region.
The presidential candidate for the NPP assured that several engagements have been made with affected customers to compensate them.
“It looks like the Minister of Finance is looking forward to making some payment to customers of the liquidated companies,” he stressed.
“When it comes to Gold Coast Securities and others, it is something on our agenda and I believe that the Ministry of Finance will look at it. We have engaged affected customers and we look forward to the payments”.
Dr. Bawumia said although the government is not responsible for making such payments, it will initiate payment out of sympathy to the unfortunate investors affected by the clean-up.
“Technically, government is not responsible but out of empathy and sympathy for the people who invested in some of these institutions, the minister will make some of these payments”.
By: Rainbowradioonline.com/Ghana
