Chairman of the Securities and Exchange Commission (SEC) Board, Dr. Adu Anane Antwi, has indicated that investors with locked-up funds could begin receiving payments next year, provided the government includes the necessary provisions in this year’s budget.
Speaking on Joy Super Morning Show, Dr. Antwi explained that the government had previously implemented a pre-financing mechanism, allowing payments to investors even before receivers of the investments had collected the funds.
“The government’s approach was to pre-finance payments so investors don’t have to wait. For example, if a receiver is owed 1 million, the government can step in and pay that amount to the investor. Later, when the receiver collects the 1 million, they refund it to the government,” he said.
Dr. Antwi clarified that this pre-financing system is a technical arrangement designed to ensure investors are not left waiting indefinitely. Traditionally, payments could only be made after the receiver had collected the funds.
He expressed hope that the Ministry of Finance would make the required budgetary provisions this year to enable payments next year.
“We are hoping that some provisions will be made in this year’s budget. Once that happens, investors can expect to start receiving their funds next year,” he stated.
Dr. Antwi also noted that while the SEC is working to expedite payments, some details of government action remain unclear, and the process will depend on formal budgetary and administrative steps.