Investors resume protest at Finance Ministry over locked-up funds
The Locked-up Investment Holders’ Forum is resuming its protest at the Finance Ministry today, Wednesday, June 19, 2024, citing frustration over the Ministry’s failure to engage with them as previously promised.
Despite earlier petitions to the Finance Ministry, seeking assurances for the release of these funds, the Ministry has not followed through on its commitment to engage with the forum, prompting a renewed protest.
Dr. Adu Anane Antwi, the forum’s convenor, voiced disappointment over the Ministry’s inaction.
“We will be resuming our picketing this Wednesday, as the meeting that was promised by the Deputy Minister for Finance, Dr. Stephen Amoah, with us after he returned from his trip on May 27, 2024, has still not come on,” Dr. Anane Antwi stated.
Highlighting the investors’ frustration, Dr. Anane Antwi added, “I sent the Deputy Minister a text message and a WhatsApp message last Thursday reminding him that we are still waiting for him to call us for the meeting.”
In March this year, the forum announced plans to stage a series of public protests aimed at pressuring the Bank of Ghana (BoG) to address their concerns regarding locked-up investments.
During a press conference in Accra on March 25, 2024, Dr. Anane Antwi expressed frustration over the perceived ineffectiveness of previous petitions to the BoG, which he said necessitated sustained demonstrations.
“Given the BoG’s failure to take action to address our locked-up investments, we are compelled to escalate our demands through public protests,” Dr. Anane Antwi stated.
The continued protests by the Forum underscore the growing discontent among investors and the perceived lack of responsiveness from the BoG and the Finance Ministry, highlighting broader concerns about investor protection in Ghana.
If these investments are not paid, I will have to conclude that INVESTING IN GHANA IS A DEATH TRAP.