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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

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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

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

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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

    Elon Musk strikes deal to buy Twitter for $44bn

    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

    Taxing of non-resident e-commerce entities in Ghana could push prices up – Technology Consultant

    BoG cautions against fraudulent money-doubling scheme ‘BitCash Currency Exchange’

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

    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

    Greater, more diverse participation in global trade is key to achieving Africa’s economic transformation – World Bank

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DKM customers threaten demonstration over non-payment of claims

bycitibusinessnews
November 29, 2016
in Banking And Finance, Government, Local Economy, Top Stories
dkm customers

DKM customers at the Sunyani Coronation Park

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Some customers of DKM Microfinance Company who have so far not received any payment of their locked up investments, are planning to embark on a major demonstration.

This follows another assurance by the Official Liquidator for DKM Microfinance Company, the Registrar General’s Department that it will complete all anomalies for customers to be paid.

‘We have heard this kind of news several times saying that by the close of the week the list will be out, by the close of the week the list will be out so many times so because of that any news that comes from them we won’t believe until the list is really out,’

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He added, “We are just tired we are tired seriously we don’t believe any information that comes out of the liquidators’ office currently even the numbers that they gave to people that you can call to find out what is happening .they don’t pick the calls.”

According to the Principal Company Inspector for the Official Liquidator Jones Nathaniel Ansah, the rectification should be completed by the end of this week.

But the customers insist the posture of the Registrar General’s Department is not convincing enough as it has been unable to fulfill earlier promises.

Spokesperson for some of the DKM customers in Tamale, Mohammed Ibn Issaka explained to Citi Business News they are just waiting for authorization from the police before they go ahead with the demonstration.

‘’The liquidator is now playing games with us. As I speak to you now we are currently preparing to go to the police station and we have been advised on what to do before we embark on a demonstration and we will be meeting with the police shortly,” Mohammed stressed.

He concluded, ‘I have suppressed my colleges for long I have spoken to them to calm down but this time round it is not working. The police will have to provide us with security because it is going to be a major demonstration.’

Background

Thousands of customers of DKM Microfinance Company lost their investments running into millions of cedis after the owners of the company invested in unapproved venture and lost their funds.

Customers of the company thronged to all the branches to withdraw their funds after the news went viral, creating a panic situation.

The Bank of Ghana confiscated the assets of the company and appointed the Registrar General’s Department to commence liquidation process to refund customers of the company.

–

By: Anita Arthur/citibusinessnews.com/Ghana.

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

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