Abraham Ohene Gyan, a film maker whose funds were locked up with Nordea Capital, has confirmed receipt of his locked-up funds as announced in the partial bailout package by the Securities and Exchange Commission (SEC).
Confirming the receipt of his locked-up funds in a video posted on the official Facebook page of SEC, Mr Ohene Gyan, noted that most of his compatriots belonging to the Association of Aggrieved Customers of Collapsed Fund Management Companies had also retrieved their locked-up funds.
He urged other investors who had not yet received their monies to go through the processes laid down by SEC to be able to retrieve their monies.
He further commended SEC for the role it has played in securing for him and other investors the partial bailout and also thanked the government for being sensitive to their plight.
SEC last month announced a partial bailout package for the remaining non-liquidated Fund Management Companies.
The partial bailout package followed a bailout package already granted to 22 FMCs months ago.
The partial bailout involves payments of up to Ghs 50,000 to all affected customers.
According to the Securities and Exchange Commission (SEC), the partial bailout comes on the back of deliberations with Government regarding an agreed social and humanitarian intervention for all remaining customers of the failed FMCs.
“The decision to make this partial payment is predicated on government’s commitment to protect its citizenry and its sensitivity to the plight of affected clients compounded by the disruptive impact of the Covid-19 pandemic,” SEC said in a statement.
The partial bailout would cover a total of 92,460 claims filed against the remaining 21 FMCs, out of which Blackshield Fund Management Company Limited accounts for a total of 84,656 (92 per cent) claims.
Claims made include that of pensioners.
Based on the validated claims, the partial bailout being offered would result in 89 per cent and 82 per cent of affected individuals and pensioners being fully settled respectively.