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DKM Saga Depression rising among customers

Depression is rising among residents in the Brong-Ahafo following the DKM investment crisis where hundreds of customers of a microfinance institution had their savings go waste.

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About fifty persons were said to have committed suicide in the Brong Ahafo Region after several months of failed efforts to get back their monies. (File photo) play

About fifty persons were said to have committed suicide in the Brong Ahafo Region after several months of failed efforts to get back their monies. (File photo)

Depression is rising among residents in the Brong-Ahafo following the DKM investment crisis where hundreds of customers of a microfinance institution had their savings go waste.

Mr Joseph Yere, the Brong-Ahafo Regional Coordinator of Mental Health, said new cases of depression are being recorded among most customers of the defunct DKM micro-finance company.

RELATED: DKM customers besiege office in Sunyani

He told Ghana News Agency that even though statistics on the cases are not readily available, the trend, since 2015 has reached an alarming point as several of the customers' efforts to retrieve their monies from the defunct microfinance company have proved futile.

Mr Yere however said his outfit has stepped up supervision to ensure that affected patients strictly adhered to their medication to avert the trend.

RELATED: DKM management begs customers to stay

Ghana's President John Dramani Mahama in his 2016 State of the Nation Address said lack of effective supervision by the Central Bank of Ghana led to the DKM crisis.

The Chief Executive Officer of DKM Microfinance LTD, Martin K. Delle was arraigned before an Accra Circuit Court presided over by Aboagye Tandoh for dishonestly appropriating GH¢40,000 last two months.

RELATED: DKM boss charged for fraud

Three other microfinance operators in the Brong Ahafo Region are also in the custody of the Bureau of National Investigations (BNI) over their alleged roles in swindling peoples of their monies.

The arrested people were Noel Nortey, Nkoranza Branch Manager of God Is Love Fun Club; Charles Asum, Managing Director of Jastar Group of Compa­nies and Monica Afriyie popularly called Maame Korkor, Managing Director of God Is Love.

The Bank of Ghana in October 2015 froze accounts of DKM Microfinance after the central bank placed a 120 day moratorium on the company for flouting the Banking Act.

An audit report by the Bank of Ghana released to the Brong Ahafo Regional Security Council (REGSEC) established that DKM has no investment in the country and beyond after it collected huge amounts of money from numerous customers.

DKM, contrary to Bank of Ghana (BoG) regulation, set up subsidiary companies and lent people’s money to themselves, the report said.

About fifty persons were said to have committed suicide in the Brong Ahafo Region after several months of failed efforts to get back their monies.

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