Finance Ministry officials fail to meet protesters whose funds have been locked-up

Protestors who were seeking the attention of the Finance Ministry for the release of their locked-up funds were denied access to the premises of the Ministry, despite an assurance by the Minister to grant them audience.

Members of the Locked-up Investment Holders Forum moved to the Finance Ministry after engaging the Governor of the Bank of Ghana to help them redeem their investments from four financial houses and savings and loans companies.

The members have been engaging the Bank of Ghana since 2023, to begin processes to redeem their investments from the financial institutions.

Members of the group hoisted placards with inscriptions of their plight, because they say the central bank has not demonstrated good faith and urgency in the matter.

The convener of the group, Dr. Adu Anane Antwi, says they want the BoG to take over these financial institutions and refund their investments to them.

“We have had a successful meeting with the Bank of Ghana Governor, and they are ready to revoke the licenses of these institutions, but they want assurances from the Finance Ministry and Government that they will make funds available to start and complete the process”, he said.

They were not successful in petitioning the Finance Minister, as the security guards will not allow them inside.

“We came here, and the security people say there’s no minister, there’s no deputy, not even the Ministry’s Director. And that is unfortunate. I personally brought a letter here on Saturday to inform them and today we come here, and there’s no one.

They insist they will continue with their picketing every fortnight, until their matter is resolved.