Today, the Locked-Up Investment Bondholders’ Forum picketed the Finance Ministry for the third consecutive week.
This demonstration is aimed at demanding the release of their locked-up funds from NDK Finance and three other deposit-taking institutions.
The group indicated that their persistent requests to meet with the Finance Minister, Dr. Mohammed Amin Adam, or his deputies to discuss their demands have yet to materialise.
Speaking to JoyNews, the group leader, Dr. Adu Anane Antwi said that they are demanding the Bank of Ghana (BoG) and Finance Ministry declare as insolvent and revoke the licenses of four deposit-taking institutions that have failed to release their funds to them.
“We will be picketing every Wednesday until our demands are met. The demand is for the Ministry of Finance to make financial provisions to enable the Bank of Ghana to revoke the licenses of four insolvent financial institutions namely NDK Financial Services, SIC Life Savings and Loans, Bond Savings and Loans and SDC Financial Services,” he told Kenneth Gyasi.
![](https://www.myjoyonline.com/wp-content/uploads/2024/06/Dr.-Adu-Anane-Antwi.jpg)
He explained that the BoG has indicated these banks have become insolvent and their licenses need to be revoked.
According to Dr Antwi, the BoG requires the Ministry of Finance to make financial provisions before revoking the licenses to ensure that deposited funds can be paid back.
“Our demand is that the Bank of Ghana is waiting for the Ministry of Finance to make financial provisions so that they can revoke the licenses of these four institutions and pay deposited just as they did in 2017.”
Dr. Antwi maintained that the bondholders forum will continue to picket the Finance Ministry until they receive a clear response on what measures are being taken to address their demands.
Latest Stories
-
Video: JoyNews Exclusive with Richard Jakpa on ambulance procurement deal”
38 mins -
Finance Ministry defends GH₵339m released for National Cathedral project
39 mins -
Until the law-making process is exhausted, judiciary can’t order Parliament – Bagbin
46 mins -
Accra-Tema motorway gridlock persists 12 hours after truck accident
1 hour -
I never saw the supposed ‘dismissal letter’ from Defence Ministry until it surfaced in court – Jakpa
1 hour -
Gabby Asare Otchere-Darko: Using mobile money to buy and sell across Africa – a fast track to economic integration
1 hour -
My cousin did nothing out of the ordinary when he bailed me; he was just seeking justice – Jakpa
2 hours -
Real estate developers burdened with debts amid price hikes – GREDA
2 hours -
We want to know everything about proposed Free SHS bill – Angel Carbonu
2 hours -
Ghanaian youth are being taken for granted – NSS Association scribe
2 hours -
Beaver Health Group Chairman, Dr Dennis Emeka Ilogu wins Ghana’s ‘Most Outstanding Personality in Dentistry
2 hours -
NSMQ2024: St. Hubert Sem. SHS stuns 2 Wesleyan schools with 70-point win
3 hours -
Bagbin urges Trade Minister to withdraw proposed L.I. to regulate cement prices
3 hours -
Kenya unrest: Political maneuvering shouldn’t blind us to reality of public expectation – Afenyo-Markin
3 hours -
Electoral Commission reschedules 2024 voters exhibition exercise
4 hours