Ghana News

President warns the public oof saving their in banks and fund management that has not been licensed

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President Nana Addo Dankwa Akufo-Addo has cautioned the public against investing in banks that are not certified by the Bank of Ghana (BoG) or the Securities and Exchange Commission (SEC) which “will put us in a difficult position.”

According to Nana Akufo-Addo, the once Mahama management started paying some customers who had their cash locked-up in DKM and also his regime is doing very same with the assurance that every consumer would certainly be paid by the end of September this year.

“I instructed that we find money and pay all the locked-up funds. Since September 2017, we’ve made some payments. We are left with just a few.

“Even that, we’ve started paying. I’m sure you’ve heard that some people have received their money. By the end of September 2020, we will clear everything. I’ll pay everybody and put an end to the matter once and for all,” he noted.

He was speaking on Classic Fm in Techiman as part of his six-day tour to Bono-East, Bono and Ahafo Regions.
It will be recalled that in 2015, the BoG put on hold the operations of DKM Ruby Microfinance Company Limited for going against the Banking Act.

Source: Ghana Waves

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