- Investors with locked-up funds may receive payments next year
- Payouts depend on budgetary provisions in this year’s government budget
- Government previously used a pre-financing system to fast-track payments
The Chairman of the Securities and Exchange Commission (SEC) Board, Dr. Adu Anane Antwi, has announced that investors with locked-up funds may begin receiving payments next year—if the government allocates the necessary resources in this year’s budget.
Speaking on Joy FM’s Super Morning Show, Dr. Antwi explained that the government had previously adopted a pre-financing mechanism that allowed investors to be paid even before receivers recovered the funds.
“The government’s strategy was to pre-finance payments so investors wouldn’t have to wait. For instance, if a receiver is owed ₵1 million, the government can advance that amount to the investor. Once the receiver collects the ₵1 million, it’s refunded to the government,” he explained.
He described the arrangement as a technical system designed to prevent prolonged delays in investor payments, as traditionally, disbursements could only be made after receivers had retrieved the funds.
Dr. Antwi expressed optimism that the Ministry of Finance would make the necessary budgetary provisions this year to pave the way for payments next year.
“We are hopeful that allocations will be made in this year’s budget. Once that happens, investors can begin receiving their funds next year,” he said.
He added that while the SEC continues efforts to accelerate payments, certain aspects of the government’s actions remain uncertain and will depend on formal budgetary and administrative decisions.
