Business News of Tuesday, 11 February 2020Source: GNAWe’re still acknowledging receipts of investors’ claims – SECFile photoThe Management of the Securities and Exchange Commission (SEC) has urged customers of the collapsed fund management firms to remain calm as they go through the necessary processes to acknowledge and reconcile their claims. The claims were received from the investors through the designated Consolidated Bank Ghana (CBG) branches across the country. The Commission in November 2019 revoked the operating licences of 53 investment companies to protect the integrity of the securities market and investors’ interest. In the same month, it issued a statement directing customers of the collapsed fund management firms to visit CBG branches for the submission of their claims. She said the discretionary payment was to support investors so the government would determine the support after SEC had provided a validated number of claims submitted.

Source: GhanaWeb February 11, 2020 19:30 UTC