Security Alert B/A safe for business- Regional Minister assures finance companies

Concerns over insecurity arose when disgruntled customers of DKM Microfinance attacked the District Chief Executive of the area for keeping mute over their locked investments.

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The Brong Ahafo Regional Minister, Ernest Opoku has allayed fears of financial institutions and banks operating in the area of attacks from irate customers of some rogue Microfinance companies operating in the area.

Concerns over insecurity arose when disgruntled customers of DKM Microfinance attacked the District Chief Executive of the area for keeping mute over their locked-up investments.

They have issued threats to make life unbearable for financial institutions in the area as well as all government officials.

This has ignited fear and panic amongst employees and some management of financial companies operating in the area.

The regional minister has therefore called for calm, assuring  all customers and  management of finance institutions operating in the area to be assured of adequate security.

“ The area is calm and everything is under control. Let me assure all the companies that adequate provision has been made for their safety as they go about their business. I encourage them to go about their business without fear”, he said.

On Friday, customers of all  Microfinance companies who have their investments locked up in one finance company or another hit the street in a massive demonstration to put pressure on government to intervene in the release of their monies.

Earlier,  management of DKM Microfinance, in an exclusive interview with Pulse Business said they have agreed a payment plan with the cusomers.

“ We have told them there’s no cause for alarm. We agreed  to a payment plan with them, but they are impatient. Which ever way we are going to give everyone their money. We have not bolted with anyone’s money.”

Meanwhile, the Bank of Ghana is asking for more powers in deciding which company qualifies for a license or not. They say it will help in better regulating the activities of microfinance companies in the country.

The central bank has also refused to grant 70 microfinance companies a final license as they do not meet the required standards for a final license.

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