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Agitation Customers of DKM Finance demonstrate against BOG

According to the customers, the 90-day moratorium should have ended today, 11th of August 2015, but the Bank of Ghana is making more demands of the company.

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Some frustrated customers of DKM besieged the premises of the company had earlier for their deposits play

Some frustrated customers of DKM besieged the premises of the company had earlier for their deposits

Customers of DKM Financial Services have embarked on a demonstration at Sunyani in the Western Region, to drive home their demands for the Bank of Ghana to lift a  90-day moratorium placed on the company.

According to the customers, the 90-day moratorium should have ended today, 11th of August 2015, but the Bank of Ghana is making more demands of the company.

On Monday, the central bank gave DKM Finance a directive to inject a sum of GHC50 million into the accounts of the company or face liquidation of its assets. This meant that the 90-day moratorium on the company 's operations will  not be lifted until the directive is met.

Customers of the bank, ever since the moratorium in May 2015, have been pleading with the central bank to be lenient on the company for the sake of their investments, but that, together with their latest plea for their maturing investments to be made available to them have all been declined.

The Bank of Ghana placed a moratorium on DKM when an audit report drew the Central Bank's attention to the fact that the company had contravened the Banking Act. According to the Central Bank, the company did not have enough in assets to support liability to their customers.

Meanwhile, Head of Communications of DKM, John Bosco,  in an address to the teeming demonstrators said

" Bank of Ghana placed a 90- day moratorium on us. The 90 days ended today, all we want is for the Bank of Ghana to give an official letter  for us to start operations. That's all we ask."

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