Members of the Locked-Up Investment Holders Forum have taken to the streets for the eleventh time, demanding payment of their locked-up funds.
The group, comprising customers of distressed financial institutions, including NDK Financial Services, expressed disappointment at the Finance Minister’s reluctance to provide assurances for the Bank of Ghana (BoG) to pay funds locked up in defunct finance houses.
Despite petitioning the Finance Ministry, the group feels neglected, leading them to resume protests.
Dr Adu Anane Antwi, convenor of the forum, stated that the lack of engagement with the Finance Ministry left them no choice but to demonstrate.
The investors urged the government to utilise the unallocated GH¢200 million from the GH¢4 billion allocated to address challenges in the financial sector, including GH¢2.3 billion for NIB’s recapitalisation, to pay locked-up funds.
This, according to them, would enable the BoG to revoke licences and pay investors.
Additionally, they appealed for a reduction in the GH¢2.3 billion allocated to NIB, citing the country’s financial challenges and the need to prioritise vulnerable pensioners and sick depositors.
The forum emphasised the need to restore investor confidence in the financial market and ensure stability.
They demand financial assurance from the government to enable the Bank of Ghana to revoke the licences of these defunct finance houses.
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Citinews
