Customers of defunct DKM Microfinance Company, have expressed appreciation to President Akufo Addo for the government’s decision to pay 100% of their locked up monies with the company.
Mr Alex Obeng (Etuo mu esum), leader of the Investment Victims and Associates (IVA) who is also personal aide to Berekum West District Chief Executive, in an interview with Ark FM’s Papa Richy, noted the decision by government had reduced the burden on the customers, following the collapse of the microfinance company.
He prayed that customers of other collapsed micro-finance companies including Jaster Motors, Perfect Edge would also be paid their locked up monies.
President Akufo-Addo in his 2020 State of the Nation Address (SONA) in Parliament on Thursday, February 20, announced that customers of the defunct microfinance and savings and loan companies would start receiving their locked up funds as from Monday, February 24.
He GHC5 billion had been made available to the Receiver to facilitate the payment. “I am informed that the Receiver of the Savings and Loans and the Microfinance institutions will on Monday 24th February , begin making payments to their customers, [with] these monies totaling ¢5 billion, in addition to the GHC13 billion paid to the customers of the failed banks.
I will like to repeat that all depositors of the savings and loans and microfinance institutions, including DKM, which collapsed in 2015, will receive 100% of their deposits once the validation exercise is concluded,” President Akufo-Addo added.