The Member of Parliament (MP) for Bantama constituency Henry Kwabena Kokofu has described the appointed liquidator settling payments of affected DKM customers who lost their investments to the Ponzi company as a ‘hoax’. According to him, the money is from the coffers of Microfinance and Small Loans Centre (MASLOC) indicating that the liquidator is a … Read more
Some outraged customers of DKM Microfinance Limited have threatened to go to court over the amounts of money given them. Some of the customers said they have been given paltry sums not close to what they invested in the company. “We are going back to the court to fight this matter, take DKM assets, confiscate … Read more
The Managing Director of Capital & More, Akosua Oduma Oppong-Tawiah, says the recent bunco scheme that rocked Ghana’s microfinance industry has dealt a big blow to companies in the industry. She noted the fiasco, involving the popular DKM Microfinance Company and others including some fun clubs, has caused customers and investors’ interest in the sector … Read more
A planned demonstration against President Mahama on Saturday by aggrieved customers of micro-finance companies closed down for operating a ponzi scheme has been cancelled. In what appears to be the biggest scandal to have rocked micro-finance operations in Ghana, the customers lost millions of cedis as a result of dubious operations by the companies. President … Read more
Customers of micro-finance companies who lost millions of cedis in one of the biggest financial scandals in Brong Ahafo Region have cancelled a demonstration scheduled for Saturday. The decision came after the customers received an injunction notice from the High Court of Sunyani. The aggrieved customers planned the demonstration in the Region to protest what … Read more
Aggrieved Customers of rogue micro-finance companies who lost their life-long savings in a bunco scheme in Brong Ahafo Region say they will defy the orders of the Police to block their demonstration against President Mahama and go ahead with the planned action set for this weekend. The Police have disclosed that they lack adequate officers … Read more
Customers of micro-finance companies who lost millions of cedis in the biggest financial scandal in Brong Ahafo Region are accusing the police of scuttling their impending demonstration, Saturday. The aggrieved customers planned the regional demonstration Saturday to protest what they say is government’s lack of commitment to retrieve their monies from the micro-finance companies. Weeks … Read more
Customers of micro-finance companies who lost millions of cedis in the biggest financial scandal in Brong Ahafo Region are accusing the police of scuttling their impending demonstration, Saturday. The aggrieved customers planned the regional demonstration Saturday to protest what they say is government’s lack of commitment to retrieve their monies from the micro-finance companies. Weeks … Read more
A 24-year-old woman is left to her fate after a micro-finance company where she invested her insurance benefit disappeared. Comfort Abena Frema lost one leg after a truck with defective brakes ran over her four years ago at Roman Hill in Kumasi. She still needs to undergo further surgery but could not afford the cost … Read more
Clement Kofi Humado is the Member of Parliament for the Anlo constituency in Ghana. He is also the Minister for Youth and Sports in Ghana. Humado was born to the late John Kobla Humado and his wife Grace Abla Humado. They both hailed from Alakple in the Keta Municipality of the Volta Region of Ghana. … Read more
Scores of market women at the Kaase Market in the Ashanti region for years to come, may never nurse the thought of saving their earnings with any banking institution following what has befallen them. Few months after thousands of persons lost their investments to Ponzi Micro-finance institutions in the Brong Ahafo in the infamous DKM … Read more