Tag: DKM
-
Defunct S&Ls customers doubtful they’ll be paid despite President’s promise
The Coalition of Affected Savings and Loans Customers has expressed doubts about Presidents Akufo-Addo’s assurance that they will start receiving their payment from Monday, February 24. President Akufo-Addo during the State of the Nation Address announced that the Receiver for the collapsed Savings and Loans and Microfinance Companies will start disbursing an amount of 5…
-
More DKM Microfinance customers to be paid from next month
The Registrar-General, the Official Liquidator for defunct Diamond Microfinance Limited (DKM), has announced that it will from 1st August, begin the payment process of dividends to depositors who submitted new claims as well as depositors who were unable to validate their claims back in February this year but have since done so. The announcement follows a…
-
BoG clamps down on illegal microfinance companies
The Bank of Ghana (BoG) is to outline new reforms to sanitise Ghana’s microfinance industry. The reforms are expected to among others provide a comprehensive plan by the central bank to improve activities in the microfinance industry. It also comes on the back of reports of customers losing their investments to some microfinance institutions when…
-
BoG probes Alpha Capital over locked up cash
The Bank of Ghana (BoG) has moved in to assist customers of Alpha Capital Savings and Loans, retrieve their locked up investments. The move comes after numerous complaints by the customers over their failure to get their monies despite reaching the maturity dates as scheduled. Citi Business News understands that the Central Bank’s intervention follows…
-
DKM saga: BA minister meets Official Liquidator
The Brong Ahafo regional minister, Kweku Asomah Kyeremeh is expected to meet the Official Liquidator for DKM Microfinance which is the Registrar General’s Department within the next two weeks on the progress of payments for affected victims. The meeting which is at the behest of Mr. Asomah Kyeremeh will also afford him the opportunity to…
-
![Microfinance: Ghana’s situation and what you need to know [Article]](https://citibusinessnews.com/wp-content/uploads/2017/05/microfinance-1.jpg)
Microfinance: Ghana’s situation and what you need to know [Article]
The primary objective of microfinance is to create financial inclusiveness and provide an avenue for the delivery of essential financial services to sections of the society who would otherwise be largely uninvolved or unable to fully access them. Ghana’s microfinance sector has been immensely beneficial to the economy. It has expanded the scope of participation…
-
Registrar General’s Dept calls for calm over ‘omitted’ DKM names
The Registrar General’s Department is urging restraint among DKM customers who did not find their names on the list that was released yesterday (8th March, 2017). [contextly_sidebar id=”s0MJrsZlnvVDnFwvJohVZNJa2UErOIXw”]The Department, which is the official liquidator of DKM Microfinance earlier announced that a final list of validated DKM customers yet to receive their cash has been released.…
-
DKM customers skeptical of final payments today
It appears there is growing disinterest and mistrust among DKM customers who are yet to be paid their locked up cash by the Registrar General’s Department. The Registrar General’s Department which is the official Liquidator of DKM Microfinance is expected to today conclude final payment of the remaining DKM customers. Citi Business News checks reveal…
-
BoG pins down illegal microfinance company in Sunyani
The Bank of Ghana has cautioned the public against investing with an unlicensed microfinance company; Agro Development Fund Services Limited. The company is reported to be operating from its office located at A67/3, Asufufu, opposite the Sunyani Traditional Council, Sunyani. A statement from the central bank and signed by its Secretary, Caroline Otoo said the…
-
Investigations into DKM bribery allegations to end next week
Investigations into alleged reports of bribery against workers and security personnel of GCB bank by DKM customers are expected to be completed on Friday 27th January, 2017. The police, upon request from the Registrar General’s Department, who are official liquidators of DKM micro finance company, early this month begun investigations into the matter. “Some of…