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Workers of defunct Financial Institutions appeal for salary arrears

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The Coalition of Staff of Fund Management Companies, whose licenses were revoked, is asking Government to come to their aid and get their salary arrears paid months after losing their jobs.

Members of the group are also demanding immediate inclusion in bailout packages to have their severance package paid to alleviate what they say is “long-sufferings”.

The demands by the workers numbering about 1,500 comes a day after government announced the release of ¢3.56 billion to settle the remaining depositor claims of the 347 defunct Microfinance companies, 23 Savings and Loans and Finance Houses.

A Statement signed by the spokesperson of the group, Theo Paintsil, stated how the financial sector clean-up and its attendant challenges have made life extremely difficult for them.

Government through the Receiver, Eric Nana Nipah, who doubles as a Director of PricewaterhouseCoopers (Ghana) Limited  in July 2020 disclosed it would pay the outstanding salaries as well as negotiated and exit packages of former employees of the defunct firms.

SourceCiti News

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