Increase payouts to fund managers – GSIA urges Receiver

The Ghana Securities Industry Association, the umbrella body for organizations licensed by the Securities and Exchange Commission, is urging the government to consider increasing the payouts to collapsed fund management companies whose funds are with the receiver.

A Governing Council Member of the Association, Kisseih Antonio, in an interview with Citi Business News said while the receivership process has been encouraging, the cap on cash payouts to fund managers makes it difficult for them to pay their distressed customers.