Customers of DKM demonstrate in Bolgatanga to demand their investments
Aggrieved customers of DKM Microfinance Company Limited in Bolgatanga in the Upper East Region yesterday embarked on a demonstration to seek the government's intervention to recover their investments with the company.
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The demonstrators, who marched through the principal streets of the municipality, carried placards with inscriptions such as, “Who permitted DKM? “DKM is digging NDC’s grave” and “Bank of Ghana (BoG), we need our money”.
They later submitted a petition to the outgoing Deputy Upper East Regional Minister, Mr Daniel Syme.
Petition
In the petition signed by 31 customers of DKM, they stated that because of their inability to retrieve their investments, some of their children were dropping out of school, marriages were breaking and others were mentally and psychologically traumatised.
“Businesses are folding up, people are losing their jobs and some are dying,” they claimed.
The petitioners, therefore, appealed to the President to intervene by “showing more concern about our predicament. Your Excellency, you are aware that the affected regions —the Brong Ahafo and the north — are the poorest and the problems of DKM and other microfinance institutions will worsen our poverty levels if you do not intervene to retrieve our investments".
They also called on the BoG to ensure that their investments were paid to them as early as possible to save them from further trauma.
Commendation
Mr Syme commended the people for the peaceful nature of the demonstration and assured them that their concerns would be forwarded to the President.
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Background
The indicted microfinance operators are alleged to have collected various sums of money running into several millions of Ghana cedis from their clients, while promising them huge interests of not less than 50 per cent per quarter.