Thursday
March 10
2016

PWC to Liquidate Troubled Microfinance Company DKM’s Assets to Pay Back Depositors in Ghana

PriceWaterhouse Coopers is to liquidate the assets of troubled microfinance company, DKM, to raise money to payback depositors whose monies were locked up with the company, the Governor of the Bank of Ghana said Tuesday.

The governor was summoned to parliament yesterday to answer questions on the state of DKM and affected victims.

“We have met the Registrar General and a firm that will be doing the liquidation is PWC and the process has started but first we have to ascertain the total assets of the institution including those of related companies and the liabilities and that of other companies,” Wampah said

Wampah also disclosed that 500 microfinance companies have been licensed, adding that the BoG has increased its capacity to manage them.

Source: Pulse Ghana (link opens in a new window)

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Tags
financial inclusion, microfinance