President Mahama intervenes in DKM Microfinance matter

President John Dramani Mahama has directed the Bank of Ghana (BoG) to speed up processes and ensure that cash deposits of customers of the DKM Diamond Microfinance, a savings company in the Sunyani Municipality are paid them.

Barely two months ago, the Financial Intelligence Center, Ghana, a national anti-money laundering organization under the BoG, froze the accounts of the company, which has branches in Wenchi, Techiman, Nkoranza, Berekum, Wa, and Bolgatanga, for some operational lapses.

President Mahama gave the directive when he addressed a durbar of the chiefs and people of Ntotroso in the Asutifi North District, as part of his two-day working visit to the Brong-Ahafo Region.

He was responding to a plea by Barima Twireku Ampem, the Omanhene of the Ntotroso Traditional Area, to intervene for the customers of the company.

President Mahama advised the DKM customers to exercise patience, as the BOG and management of the financial company worked out modalities to resolve the issue.

He charged the BOG to be more proactive, and step up measures to ensure that situations where financial institutions duped unsuspecting customers, were brought under control.

Barima Ampem noted that the closure of the company had affected economic activities, because cash deposits of hundreds of people in the area and the region as a whole were locked up.

Source: GNA