Locked up funds: SEC to release GH₵400m each in October, December to affected investors

The Securities and Exchange Commission (SEC) has announced a timetable for the release of locked-up funds for investors of failed fund management companies whose licenses were revoked in November 2019.

A GH₵ 1.5 billion bailout has been approved by the government, with payments in three tranches: GH₵ 700 million in August, GH₵ 400 million in October, and GH₵ 400 million in December 2024.

So far, 82% of investor claims have been fully settled.

The bailout will be managed by GCB Capital’s AM Fund, with eligible investors receiving the higher of GH₵ 50,000 or 15% of their examined claims.