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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Old Mutual celebrates 177th anniversary globally, 10 years in Ghana

    Gov’t expenditure needs to be checked to help deal with inflation – ICAG

    Take control of financing on the continent – Ofori-Atta to AfDB

    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

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    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

    Manufacture of petroleum products push PPI to 31.2% in April

    Nigeria begins processes to join Ghana-Côte d’Ivoire Cocoa Initiative

    Victor Yaw Asante, FBNBank Ghana MD

    Banks will continue to innovate to meet customers’ expectations – FBNBank’s MD

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

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    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

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    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

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Aggrieved DKM customers threaten to hit the street

bycitibusinessnews
November 8, 2016
in Banking And Finance, Business, Government, Local Economy, Top Stories
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Some customers of DKM Microfinance Company have threatened to hit the street on Friday November 11, if the Official Liquidator of the company fails to rectify all anomalies related to the payment of their locked up cash.

The Official Liquidator for DKM, the Registrar General’s Department, yesterday November 7, told Citi Business News, all aggrieved customers will receive their monies by the end of this week.

The Principal Company Inspector for the Official Liquidator, Jones Nathaniel Ansah explained that work is ongoing to resolve all anomalies, as well as compile the final list of customers whose names did not appear on an earlier list.

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But speaking to Citi Business News, spokesperson for the DKM customers, Mohammed Ibn Issaka , expressed dissatisfaction with the turnout of events, blaming the Registrar General’s Department for the delay in rectifying the anomalies.

“We don’t trust them anymore because some time past the same promises were given to us, only for us to go there for the names to be released but it did not have majority of the customers on the list. We intend embarking on demonstration because things are too silent,” he charged.

He was of the view that the inability of the Official Liquidator to keep its promise has eroded the confidence the aggrieved customers have in the Registrar General’s Department.

“They keep promising us that they are still doing the validation and we do not know when the list will be out. We intend embarking on demonstration because things are too silent,” he reiterated.

He warned that the customers will use all legitimate means available to get their investment back.

Background of DKM debacle  

Thousands of customers of DKM Microfinance Company lost their investments, running into millions of cedis after the company was declared bankrupt for wrongfully investing its funds.

The customers thronged to the offices of the company in different parts of the country  demanding their investments after the news of the bankruptcy went viral on social media and mainstream media.

The BoG stepped in and confiscated all the assets of the company and announced a liquidation process to reimburse the customers.

–

By: Anita Arthur/citibusinessnews.com/Ghana

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Gold exports push Ghana’s trade surplus to $1.3 billion in April

Gov’t expenditure needs to be checked to help deal with inflation – ICAG

Take control of financing on the continent – Ofori-Atta to AfDB

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