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NEWSLETTER | 03 - 09 - 2022

The Management of SSNIT is unable to recover repayment of loan facilities totaling GH$858,380,662.10 from seven (7) Companies, according to the Auditor General’s findings. The Auditor General advised management to assess the loan portfolios with the relevant entities and put plans in place to recover them.

In order to pay off some of the loans, the report suggested that Management seize the underlying assets of the failing enterprises. Additionally, it was advised that Management pursue legal action to recover the loans as necessary.