Locked-up Investment Holders resume picketing at Finance Ministry; demand quick payment of funds
The Locked-Up Investment Holders Forum recommenced their protest outside the Finance Ministry on Wednesday, May 15, demanding swift action from the government regarding the release of their funds.
This demonstration, not the first of its kind by the group, aimed to intensify pressure on the Minister of Finance to allocate necessary funds to the Bank of Ghana for the revocation of licenses of insolvent Finance Houses and Savings & Loans companies, ensuring the reimbursement of depositors.
Dr. Anane Antwi, the convenor of the group, conveyed their grievances to the Deputy Finance Minister, Dr. Stephen Amoah, who reportedly assured the group of the government’s commitment to addressing their concerns in a timely manner.
He pledged to escalate their petition to the Minister of Finance for prompt action.
“He is going to take it up and have a discussion with the Minister and give us their response as soon as practicable. I have told him we are coming here every Wednesday, and therefore, if we get a response and the response is such that we do not have to come, we will not come,” Dr Anane Antwi noted.
He emphasized that the group would continue their protests if the government’s response proved unsatisfactory.
The Bank of Ghana’s revocation of licenses from over 400 financial institutions between 2017 and 2019 has led to the immobilization of depositors’ funds, prompting widespread discontent among investors.
