Locked Up Investment Holders are preparing to picket the Ministry of Finance on Wednesday, May 15 2024 for the release of their overdue investment yieldings at licensed Finance House and Savings and Loans companies.
Locked-Up Investment Holders present a forum that protects the investments of individuals who have made investments with Finance Houses and Savings & Loans Companies licensed by the Bank of Ghana, and cannot access their investments.
A press release issued by the group indicates that in March 2024, the group staged a public protest early this year, as they marched to the Bank Of Ghana to express their opposition against the decision made by the Ministry of Finance to withhold their funds. The group then deliberated on how they are going to receive their funds with the Governor of the Bank of Ghana.
The group explained that the Bank of Ghana intends to revoke the licences of insolvent Finance Houses and Savings & Loans Companies and will do so when the Ministry of Finance provides funds for the payment of depositors’ funds.
The release signed by the convener of the Locked-Up Investment Holders, Dr. Adu A. Antwi Esq. revealed that a petition was sent to the Minister of Finance to provide funds to be paid to depositors on March 28, 2024.
After days of silence, a reminder was sent to the Ministry of Finance on April 18, 2024, to carry on with the release of funds but still remained unresponsive.
In light of this new development, the Locked-Up Investment Holders group will begin picketing on Wednesday, May 15 2024 at the Ministry of Finance. The release states that the group is willing to picket till November 2024 should the Ministry continually remain silent on the matter.
All affected persons and members are duly informed to gather at the premises of NDK Financial Services at 9:00AM to commence the march to the premises of the Ministry using the Starlets 91 Road-Prof. Atta Mills High Street route and the Riveria Drive-Finance Drive route for the picketing which will be carried out till 12 :00 noon.