GENERAL NEWS

Defunct S&L customers confirm receipt of locked-up cash

Members of the Coalition of Affected Savings and Loans Customers have confirmed to Class FM that some of them have received the full payment of their locked-up deposits in cash while some are yet to get theirs as promised by the government.

According to the Chairman of the affected customers, Mr Kofi Sarpong, the majority of their members who could not receive their money had some infractions on their payment claims, hence the delay and difficulty in paying them.

Thousands of depositors on Wednesday, 16 September 2020 trooped to the various branches of Consolidated Bank Ghana (GCB), across the country, to receive their outstanding claims in cash.

This was after the government released some GHS3.56 billion to the Receiver to facilitate the payment.

Speaking to Class FM’s Pious Kojo Backah, Mr Sarpong said: “Some [of our members] have been paid and some have not been paid”.

“Those who have not been paid, the majority of them are having one or two challenges and then some have also been paid but they’ve not received the message simply because sometimes, some of them, their phone numbers are wrong, the information they gave to the receiver is inaccurate”.

“And to be honest the Receiver has set offices across the country where you can go and do the verification.

“When you get there and they check their system and you’ve been paid, they’ll give you CBG account number and then you go and withdraw your money…

“But unfortunately, we have some members, they’ve filled the forms alright, they even have copies of their form but yet their names are not on the receiver’s system.

Such people, Mr Sarpong noted, “can call CBG or the Receiver’s call service number or they can visit their office and they will do their best to go through their files if they can find copies.”

He, however, said there are some customers who have not been paid anything at all because they are awaiting verification.

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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