The Locked-up Investment Holders’ Forum, led by Dr. Adu Anane-Antwi, has announced its decision to resume picketing at the Ministry of Finance on Wednesday, June 5, 2024. Apexnewsgh reports
This move comes after a promised meeting with Deputy Minister for Finance, Dr. Stephen Amoah, failed to materialize despite reminders.
The forum, established to protect investments in Finance Houses and Savings & Loans Companies (FHSLs) licensed by the Bank of Ghana (BOG), has been seeking intervention to access locked-up funds for over a year. In May 2023, they petitioned the BOG, highlighting the challenges faced by investors, including pensioners and sick individuals, who have been unable to access their funds.
The forum cited reasons such as lack of patronage, unprecedented withdrawals, loan defaults, and delays in judicial processes as contributing to the inability of FHSLs to meet customer demands. They also pointed out that the government’s inability to pay loans granted to contractors and the refusal of Receivers to make payments against validated claims have exacerbated the issue.
The forum has sought support from various institutions, including the Ministry of Finance, and had hoped for a meeting with Dr. Amoah to address their concerns. However, with no response to their reminders, they have decided to resume picketing the Ministry to demand action.
Source: Apexnewsgh.com
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