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Properties of some collapsed financial institutions in Ghana are up for sale until March 26, 2021. That’s according to the receiver of the defunct microfinance and savings and loans firms, Eric Nana Nipah. In a notice to the public, he revealed that the ongoing bidding process for the acquisition of landed properties of these institutions which began on Wednesday January 27, 2021, will end by the close of the month.

The receiver is appealing to interested persons or companies to put in their bids through a formal letter. In all, some 24 lands and buildings across the country belonging to the collapsed companies are up for sale. It says an inspection appointment can also be arranged for interested persons.

“Interested bidders should submit their bids in a a signed and dated formal letter to the following address:

 

The Receiver

No. 54 Olusegun Obasanjo High Way

Opposite Accra Girls Senior High School

Accra

Tel: +233 (0) 302761500

Attention: John Fiifi Ewool

Potential bidders who want to inspect the Properties or have enquires may visit the receivership website on www.ghreceiverships.com or contact the Receiver’s representative Michael Vondee on [email protected] or 0244977797 to reserve an inspection appointment,” the letter said.

Below is the list of properties bids are open for:

 

Auctioning of properties of the collapsed financial institutions is part of the mandate of the Receiver to raise money to pay depositors.

In May 2019, a total of  347 microfinance companies, 23 Savings and Loans and Finance Houses had their licenses revoked by the Bank of Ghana as part of the financial sector clean-up.

The Bank of Ghana in accordance with Section 123(2) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930) appointed Eric Nana Nipah, a Director of PricewaterhouseCoopers Ghana Limited (PwC) as the Receiver for the purposes of winding down the affairs of these institutions.