Help us locate property of DKM and Co- BOG to public

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January 15, 2016 12:48 PM

Mr. Amanfo charged the public to help the Bank of Ghana locate the property of DKM Mcrofinance, God is Love Fun Club, Juster Motors and other companies who are believed to have squandered investments of depositors in the Brong Ahafo Region and other parts of the country.

Head of supervision at the Bank of Ghana, Mr. Raymond Amanfo says the Bank of Ghana has began confiscating assets belonging to DKM Microfinance, God is Love Fun Club and Juster Motors.

Speaking to the gathering at a forum organized by the Bank of Ghana in Sunyani to address concerns of customers in the region, Mr. Amanfo said customers will get their monies once the assets and property of DKM and their owners are liquisdted.

" It is therefore important for us to get a hold of the assets and property of the company. I will appeal to the traditional leaders and the public to help us locate them."

Mr. Amanfo also hinted that it is common for culprits to try changing documentation of their properties in order to hide it.

" We will appeal to the public to inform us if anyone related to these companies acquire any expensive property all of a sudden, and help us with adequate information that will help us trace it."

The Head of Banking Supervision at the Bank of Ghana disclosed that DKM Microfinance had only 5.7 million Ghana Cedis in their accounts when they had collected over hundreds of millions of Cedis in deposits.

" A red flag was raise when we realized DKM had only GHC5.7 million when it had taken over hundreds of Ghana Cedis in deposits" Mr. Amanfo revealed.

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