Pulse.com.gh logo
Go


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.

  • Published:

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.

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 Investment banks in Ghana Top 5 investment banks in Ghana and why you...bullet
2 Incompetence Otabil wasn't qualified to be Capital Bank Board Chairman...bullet
3 Breaking Otabil finally breaks silence on banking controversiesbullet
4 Salaries In 2018 Here are the dates public workers will be paid in...bullet
5 Education Top 5 private high schools in Ghana according to WAECbullet
6 Banking In Ghana Stranded customers of First Allied Savings &...bullet
7 Nana Appiah Mensah Menzgold CEO invited by EOCObullet
8 Nana Appiah Mensah Menzgold boss apologises to BoG after...bullet
9 Increment Fuel prices to go up again – IESbullet
10 Bank Collapse Capital Bank Board misused GHC 610...bullet

Top Videos

1 Forbes 2018 Africa's billionaires rich listbullet
2 Money Alert Meet Africa's richest womanbullet
3 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
4 Former Capital Bank staff grills pork for survivalbullet
5 Plane Crash Starbow suspends operations following plane crashbullet
6 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
7 Support Finance minister buys Kantanka carbullet
8 Tech 6 reasons you should buy an iPhone SE instead of any...bullet
9 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
10 Bozoma Saint John 10 quotes from Uber top official,...bullet

Business