Tag Archives: Bloomberg: Ghana to spend additional US$937m to refund deposits held at failed lenders

President Nana Akufo-Addo said the government will spend GH¢5 billion ($937 million) to refund money that was locked up when the country closed down scores of second-tier lenders and micro-credit companies last year. That’s an increase from GH¢2.4 billion previously pledged for these lenders and in addition to GH¢13 billion that was mainly issued through bonds to support the clients ...

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