A district court in Sunyani is expected to continue with a case brought before it by some customers of DKM microfinance seeking the court to order the company to pay them their locked up monies.
[contextly_sidebar id=”XCFeuUPkvM7gQ5cb0Wm9eiWaUVhjnMEm”]Two executives of DKM, the CEO, Martin Delle and a General Manager, Richard Xavi were on Tuesday granted bail after being remanded last Friday.
They were released after fulfilling the bail requirement of GH¢100,000 with two sureties.
Today’s hearing will determine the next line of action of both the management and the affected customers.
This case notwithstanding, another district court has ordered that the management of DKM furnishes it with financial statements and all documents in the name of the company following a case brought before it by another group of aggrieved customers.
The head of communications of DKM, Ransford Agyeman in an earlier interview with Citi Business News was optimistic of moves by the company to pay all monies it owed customers although he could not provide specific timelines.
“Any organization goes through internal operational difficulties and it is our operational mandate to manage this crisis effectively so that we can able to handle our clients well in other words for them to have access to their monies so presumably things as required of them,” he said.
One of the affected customers of the Sunyani branch of the bank, Peter Kontunatey who has about GH¢40,000 locked up in the bank tells Citi Business News how the development is affecting a loan facility he contracted.
“It has greatly affected me because the purpose for which I deposited the money, have not yielded any result. So I am rather paying money to the bank I have not benefitted from; every month they deduct from my salary including the interest so I’d rather need it to go and give it to the bank and be free,” he lamented.
Meanwhile the Governor of the bank of Ghana, Dr. Henry Kofi Wampah says the Central Bank is working around the clock to ensure DKM Microfinance Company pay customers their initial deposits as was directed earlier.
“DKM and the others we are working on, we have also been doing a lot of education and we will improve on that because the only way you can deal with this is through education. A lot of people are ignorant about this. I hope you do not put your money into a microfinance institutions which is giving about 30% interest per month which is unsustainable. Let me say also that part of those who are actually engaged in these are also full of greed and it is also greedy if you believe that you will get that kind of interest from such people.” Dr. Wampah said.
By: Pius Amihere Eduku/citifmonline.com/Ghana