BRONG AHAFO NPP MINORITY CAUCUS TO SUMMON FINANCE MINISTER

From: Michael Sarpong Mfum, Sunyani

The Brong Ahafo Regional NPP Minority caucus in parliament have revealed their intention to summon the Minister of Finance to Parliament to explain the negligence conduct of the Bank of Ghana and whether the Government is actually planning to pay back monies belonging to depositors in the region who had their monies locked up with microfinance institutions.

They have   tasked government to find a lasting solution to numerous microfinance related issues where people who had deposited their monies with various microfinance institutions cannot access their monies or they would take the Bank of Ghana and Government to court.

Addressing a press conference in Sunyani, the NPP Minority caucus blame the government, National Security, the Police BNI, the Financial Intelligence Centre and the Bank of Ghana of not doing enough to halt the operations of some of the microfinance institutions including DKM Microfinance Limited, Jester Motors, God is Love Fun Club, Perfect Edge Fun Club among others in the region.

The rest include Prime Innovation, God Is Able, Delong Fun Club and Endless Fun Club.

                                   BA NPP Minority caucus addressing the press conference

Hon. Kwaku Agyemang Manu, MP for Dormaa Central speaking on behalf of the Brong Ahafo NPP Minority Caucus, “Our constituents’ inability to access their deposits with the microfinance companies has brought hardship unto them leading to the death of 45 of them.”

He said apart from this business has been affected negatively leading to the closure of Small Scale Enterprises creating unemployment in the region.

They therefore called on government to act as a matter of urgency to find a solution to the problem.

They also called on the Chief of Staff Julius Debrah and the Nkoransa South MP, Hon. Emmanuel Kwadwo Agyekum who is also Deputy Minister of Local Government and Rural Development to honour their pledges they made to the people of Nkoransa that their monies locked up would be paid because the deadline they gave have expired. 

The MPs called for the immediate arrest and prosecution of the directors, promoters, agents and accomplices of these companies and Fun Clubs for misapplying depositors’ investments for their own personal use.