Business News of Friday, 7 February 2020Source: www.ghanaweb.comDefunct Microfinance: Receiver to revalue unsold vehicles for future auctioningPhilomena Kuzoe, Spokesperson for Receiver of the defunct Savings and Loans companiesSpokesperson for Receiver of the defunct Savings and Loans companies, Philomena Kuzoe, says vehicles that fail to sell at the ongoing auctioning will be revalued for future sales. Her comments come on the back of bidders expressing dissatisfaction at the pricing of the vehicles on display at the auctioning exercise. Over 100 vehicles belonging to defunct Savings and Loans companies have been displayed for auction in Accra. According to her, unsold cars after the auctioning will be re-valued by the valuators and added to future auctions. The money the receiver makes from auctioning the vehicles will be used to pay the affected customers of the defunct companies.

Source: GhanaWeb February 07, 2020 18:33 UTC