Pulse.com.gh logo

Ghana Finance Minister Seth Terkper called to parliament over DKM saga

The call for the Minister to appear before the house was made by Deputy Majority Chief Whip, Ibrahim Ahmed, and Minority MP for Sunyani, Ignatius Baffour Awuah.

  • Published: , Refreshed:
Ghana's Finance Minister, Seth Terkper play

Ghana's Finance Minister, Seth Terkper

Minister of Finance, Seth Terkper will appear before parliament to answer questions pertaining to circumstances that surrounded the operations of rogue microfinance companies, DKM, God Is Love and Justa Motors.

The call for the Minister to appear before the house was made by Deputy Majority Chief Whip, Ibrahim Ahmed, and Minority MP for Sunyani, Ignatius Baffour Awuah.

Addressing the speaker, Ibrahim Ahmed said parliament must be briefed on circumstances under which deposits of their constituents were allegedly squandered by owners of these microfinance companies.

                                        Read More

“Mr. Speaker, there have been press conferences from various areas but I think that as representatives of the people, it is better if we will have the information from source. So, when the Finance Minister is invited, he should be able to tell us what actually happened and the way forward”, he said.

On his part,  the deputy minority chief whip Ignatius Baffour Awuah, said the situation in his home- region, Brong Ahafo, was  alarming enough to warrant action from parliament.

“The amount of money involved is within the range of GHc1billion and looking at a region with a relatively low income people, mobilizing a total of about GHC1billion is quite a huge sum of money. I think the honourable Finance Minister will do us a good service if he comes here and explains to us what led to that and what the Bank of Ghana is doing so that at least the people who invested in these micro-financial institutions will at least be assured of the way forward.”

Pulse Business can therefore confirm that processes have been initiated for the minister of finance to address the issue next week.

Seth Terkper will be expected to enumerate steps being taken by the Ministry of Finance and the Bank of Ghana to forestall future occurrences of the problem, and how deposits being held by microfinance companies are being adequately protected.
As to steps being taken to redeem investments of customers in the rogue microfinace companies, the Minister is supposed to update parliament on steps taken so far.


Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos

Top Articles

1 Ponzi schemes in Ghana These investments are Ponzi schemes in Ghana, so...bullet
2 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions public...bullet
3 Investment banks in Ghana Top 5 investment banks in Ghana and why...bullet
4 How to make money online Online jobs; how to make money on YouTube...bullet
5 Menzgold Ghana Investment company closes down its Gold Vault Marketbullet
6 Education Top 5 private high schools in Ghana according to WAECbullet
7 Salaries In 2018 Here are the dates public workers will be...bullet
8 Mutual funds in Ghana Top 5 mutual funds in Ghanabullet
9 BoG cancels acquisition of adb shares by Belstar & 3 othersbullet
10 Tax Hikes Majority to support tax increasebullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Money Alert Meet Africa's richest womanbullet
3 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
4 Tech 6 reasons you should buy an iPhone SE instead of any of the...bullet
5 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
6 Support Finance minister buys Kantanka carbullet
7 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
8 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
9 New Phone Nokia’s MWC 2018 event in 7 minutesbullet
10 New Phones Nokia MWC 2018 Event in 5 minutesbullet