The Government Bailout programme shall ensure that you receive the full amount of your claim as long as it has been validated by PWC. The Bailout Package would be made up of a liquid portion and an investment portion.

The mutual fund is an investment vehicle so it ties in well with your original objective to invest your funds. Secondly, the mutual fund structure allows for liquidity so shareholders in the mutual fund can trade their shares for cash subject to certain terms and conditions

No.  This Bailout Package is optional and it is an intervention by the Government to assist persons who have so far been unable to retrieve their investments from the firms for which liquidation orders have been obtained.  Any claimant who chooses not to participate in the programme shall follow the processes outlined by the Official Liquidator and shall receive whatever is due to the claimant once the liquidation processes are completed.

In the event that you are unable to complete this process digitally as recommended,   you may    (at any time from September 17, 2020) call the call center on 0242 439 453, 0302945848, 0302949347 and an operator will assist you regarding receiving hard copies of the documents and instructions regarding the delivery of the signed documents.  Kindly note that this process will take longer because, due to the covid-19 pandemic, priority will be given to completing as many steps of the process digitally as possible, in order to avoid large crowds during the process.  Kindly also note that at any time you are calling the Call Center or physically going to any of the designated locations, you will be expected to have the following:

1. A national ID
2. The unique code sent to the you via email or sms

We intend to treat all investors (of companies in respect of which the validation process has been completed and liquidation orders have been granted) equally in respect of timing. However, there may be minor differences within timelines for each investor due to document processing.

This may be due to the fact that you have not signed up to join the mutual fund or your membership is still being processed (i.e. for instance, because a liquidation order for the institution you invested with has not yet been secured) Please call the call center on 0242 439 453 for assistance.

The Fund is a fully licensed mutual fund which is actively managed to generate returns for shareholders. Hence, any money standing to your credit will be invested in permissible securities to generate returns for you.

No. This is a special purpose vehicle established by GCB Capital Limited with support from the Government of Ghana as a bailout intervention to mitigate the losses of investors whose funds have been locked up with defunct fund managers

By signing the Assignment and Subscription Agreement, you agree to assign all your interest in the validated claims to the Fund as consideration for being issued with a proportionate value of shares. The Fund will receive your entitlements under the claims and transfer any assets received from the Official Liquidator in respect of the assigned claims to the Government.

The validated claim will be sent to the number you used in filing your claims. Access details will be sent to the same number for logging in.

Investigations are ongoing. Where there is evidence of criminal activity, dossiers will be forwarded to the Attorney General for prosecution.

SEC is also assessing the directors and will apply sanctions where there were serious infractions.

The fund will be entitled to receive the portion of those funds which will correspond with the assigned claims and the official liquidator will transfer those funds to the SPV in accordance with the waterfall for paying the creditors of such FMCs

The Official Liquidator will pursue all assets of the failed FMCs. Any tips on hidden assets would be appreciated.

A claimant who chooses to participate in the programme must do the following in this order:

1. Visit www.bailout.rgd.gov.gh and log in using your unique identifier and telephone number
2. Confirm the details of your validated claim statement
3. Access the “Share Subscription and Assignment Agreement”
4. Follow the outlined steps for digital signing of the agreement