News
Govt releases GH₵700m to customers of collapsed fund management companies
The Minister for Finance, Dr. Mohammed Amin Adam, has announced the release of GH₵700 million to customers whose funds have been locked up in various fund management companies.
This amount represents the first tranche of a GH₵1.5 billion allocation, as outlined in the 2024 mid-year budget review, which is aimed at providing relief to individuals affected by the collapse of these fund management companies.
Speaking during a monthly economic update at the Finance Ministry on August 29, Dr. Amin Adam confirmed that the payments will be made in three tranches.
According to him,“We had indicated in the 2024 mid-year review of fiscal policy that the government has approved the disbursement of an additional GH₵1.5 billion to provide relief and bailout to people whose funds have been locked up in fund management companies.”
The Minister further explained that the first tranche of GH₵700 million has been processed and released to the Securities and Exchange Commission for further distribution to affected customers.
The remaining 800 million Ghana cedis will be released in two subsequent tranches.
Dr. Amin Adam emphasised that the release of funds is intended to mitigate the stress on affected individuals and provide much-needed relief.
He said, “I’m glad to inform you that the Ministry of Finance has processed the release for the first tranche of 700million Ghana cedis of the additional GH₵1.5 billion for the Security and Exchange Commission to further bail out the remaining customers whose funds were locked up including Black Shield Funds Management customers.”
“Yesterday, I instructed the Controller and Accountant General to release the funds to mitigate the stress on affected persons. The 1.5 billion cedis will be released in three tranches,” he concluded.
Source: Citinewsroom.com
News
Family of late Nana Konadu Agyeman-Rawlings thank Ghanaians, invites tributes to celebrate her legacy
The Agyeman-Rawlings and allied families have expressed heartfelt gratitude to Ghanaians and friends around the world for the immense love and sympathy shown following the sudden passing of Mrs. Nana Konadu Agyeman-Rawlings, former First Lady of the Republic of Ghana.
Nana Konadu Agyeman-Rawlings passed away on Thursday, October 23, 2025.
In an announcement, the family invited individuals, groups, and institutions who wish to honour her memory to submit tributes via email to TRIBUTES@NANAKONADU.ORG.
They encouraged friends and well-wishers to share their personal experiences, photographs, videos, and memories of how the late former First Lady touched their lives through her work.
According to the family, those who prefer to submit hard copies may deliver their tributes and photos to Trudy at the Office of Former President Rawlings, located at No. 1 Sekou Toure Link, Ridge, near the Ridge Hospital.
The family urged that all tributes be submitted within two weeks of the announcement.
The family expressed appreciation for the continued prayers, kind words, and support they have received during this difficult period.
By: Jacob Aggrey
The Minister for Youth Development and Empowerment, George Opare Addo, says government will build rehabilitation centers across the country to tackle rising cases of drug and opioid abuse among the youth.
He explained that the centers will not be set up solely to address betting addiction, as reported earlier, but to help young people struggling with substance use and mental health challenges.
According to him, government-owned rehabilitation facilities are few, making it hard for victims to access proper care.
Mr. Opare Addo urged betting companies and other private organizations to support the project as part of their corporate social responsibility.
He said the initiative aims to give young people the help they need to overcome addiction and live productive lives.
By: Jacob Aggrey
