NPP Dep Communications Director swats at NDC for claiming credit for payments to customers of financial services


A Deputy National Communications Director of the NPP, Akbar Khomeini has dismissed efforts by the opposition NDC to claim credit for government’s decision to fully pay locked –up funds to customers of collapsed financial institutions.

Government announced earlier this week that it has released an amount of GHS3.56 billion for payment of locked-up funds to customers and depositors of collapsed Microfinance companies, Savings and Loans and Financial institutions.

After initiating payments to the depositors on Wednesday September 16, some members of the opposition NDC have sought to attribute the payments to the NDC manifesto.

However, the NPP’s Deputy Communications Director has pointed out that Government earlier announced that it was working on payments to depositors of these financial institutions.

“In January 2020, the President announced that Government was working to ensure 100% payment to depositors of Microfinance instutions including DKM”.

“In February 2020, the Vice President at a Townhall meeting in Kumasi stated that the process of paying fully all locked up funds of Micro Finance Services was ongoing”.

“So why would anybody attribute the payment to the NDC manifesto which actually is a copied version of the NPP on the subject matter if payment?”, he opined in a Facebook post.

It will be recalled that the Bank of Ghana (BoG) gave an assurance in August last year that funds are available to pay depositors of the 23 savings and loans companies and finance house companies that have been shut down.

“In line with the Government’s commitment to protect depositors’ funds, the Government has made funds available to enable the Receiver pay depositors after their claims are validated. The Receiver will in due course make an announcement with regards to when and where payments will be made,” the Central Bank said in a statement released in August 2019.

Depositors of the collapsed Microfinance companies, Savings and Loans and Finance Houses will from Wednesday, 16 September 2020 receive their locked-up funds in cash.


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