In a move for an out-of-court settlement, Bank of Ghana has released GHS67 million for the payment of Menzgold customers.

Bank of Ghana says the step is one of the three approaches the institution is taking to save the country from judgement debts that stand could cripple the country’s economy.

“We are on the verge of paying billions of Ghana cedis, and this step is to save the country from such judgement debts that would drag back all our economic achievements in the past decade”, BoG said in a statement.

The statement added that the GHS67 million is just part of a $5million meant for the payment of Menzgold customers.