Wondering where government had the funds to pay customers of the defunct DKM Microfinance Limited? – Well, Finance Minister Ken Ofori-Atta has said government had no other alternative than to use tax payers’ money to pay the aggrieved customers.
He justified that by saying “It was a registered company under Bank of Ghana.”
The NPP whiles in opposition vowed to pay victims of the DKM scandal when the then presidential candidate, Nana Addo Dankwa Akufo-Addo asserted that “I will pay you back in full when I become president".
The promise has been fulfilled nearly two-years of Nana Addo’s tenure as president – his finance minister, Mr Ken Ofori-Atta on Thursday, 15 November told parliament that 90% of the victims have been paid but his government is hoping to settle almost all claims of DKM customers.
“Mr Speaker, you would recall that DKM Diamond Microfinance Limited had its license revoked in February 2016 with considerable suffering imposed on depositors, without any meaningful response from the previous government. That has significantly changed.”
“The official liquidator received 99,858 claims and the validated claims amounted to GHS502 million.
“I would like to inform the country that out of the 99,858 claims, 79,708 (80 per cent) have been settled and depositors have been paid.
“The government has set aside funds at the Bank of Ghana to pay the remaining 20 per cent of depositors upon validation.
“An additional 12,612 claims have been fully provided for, but the customers have not as yet been able to show proof of deposit.” Ken Ofori-Atta told parliament when he delivered the 2019 budge
Many have raised concerns as to where government had the funds to pay the victims since it does not own the company.
In response to that, Finance Minister Ken Ofori-Atta in an exclusive interview on PEACE FM’s flagship morning show ‘Kokrokoo’ said government used tax payers’ money to settle the sum unpaid.
“Kwami, hmmm, we have to use our tax payers’ money. This is a part of clean-up exercise undertaken in the banking sector by the Bank of Ghana”
Confirmation of payments
Some customers of DKM Microfinance Limited have confirmed claims by the government that they have been paid a chunk of their investments that got locked up in the financial institution.
Spokesperson for the affected customers, Alexander Obeng told the media that although there still remains a backlog to be cleared, the government has paid a huge portion of their investments.
“Under the previous NDC government, the liquidator paid everybody GHS3, 500 across the board irrespective of the amount a victim had invested with the firm. When the NPP took over, the liquidator raised the amount from GHS3,500 to GHS10,000.”
He added: “So, it is true as the Finance Minister said yesterday in parliament that some of the monies have been paid. We, however, want the government to also pay the customers of the other companies. The issue is not only about DKM.”
Source: King Edward Ambrose Washman Addo/Peacefmonline.com/ Twitter: @Washman5/ Instagram: Ambrose_wash
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great to hear monies have been paid but honestly, I haven't received mine, where and who do i contact since my name does not even appear on the numerous list that comes out? I just don't know what is going on even though I always hear monies have been paid but I don't know how and when it's done. someone help
This Akkufo Addo Party Government is a criminal Government. The Depositors with high deposit with DKM have not been paid any pesewas. We were told that only 15% would be paid to those whose deposits are above GH¢10,000.00. Even as we are talking that 15% was not paid. This shows that the large chunk of deposits have no been paid. So how can an economist like Ofori Attah say that they have 92% of the amount owned the customers. We were also told that assets of DKM would be disposed off and funds accrued from that would be used to pay the customers. Parliament should investigate how much was recovered from the sale of DKM Assets and how much was added from the Government side. We shouldn't be brainwashed by this criminals. Because DKM customers are tired of the deceit by this Government and are now keeping quite over their plights, the Government wants to use their silence to achieve its propaganda. Ghanaians are wise and they are patiently waiting for the December 2020 to come. If you really paid them what they deserve it would show during the voting period. Criminals, thank you for your deceit.
Lesson here is that, deal with only financial institutions that is registered with BOG, then you are assured of your funds. Ask NDC which money they were using to start paying them.
Are not the victims Ghanaians?Don't they pay taxes?So what's wrong from receiving some of the taxes they'd paid as relief from DKM scandal.In any case NPP didn't used tax payers money on the families and girlfriends as Mahama did.
so you used tax payers money to pay depositors of a fraudulent company and the promoters of these companies are walking free, owners of the company and the supervisory unit of the Bank of Ghana must be jailed
Errrrrh DKM Money is in someone’s private account and the best way to pay off is to use our Tax Money . You guys will feel the heat come 2020 , The tax money to clean the gutters , pay zoomlion to clean the city , fix bad roads causing accidents , water etc u used in paying DKM . So tell me what’s the Difference between a Scammer behind the computer and a Politician ? Y’all thought u won coz u had good policies lol 😂 😂😂😂 You will know the Youth are broad minded now coz of social media come 2020 . Con men in suit and tie , gbemi nibi sooor ehw3 am3
the other companies eh, were they registered with BOG?
The Bank of Ghana used taxpayers money to pay off customers scammed by a bunch of people...??? It's time for some reshuffling in the Finance Ministry and the Bank of Ghana. Ghanaians are not getting value for money at all, at all, at alllllllllllllll.
someone tell the guys in wood spectacles and the mr chain (necklace) that, they can mislead ghanaians. why is government not paying NOBLE DREAM debts also. governanace is not a joke or means of getting rich in just 4 years. they can lie to us. if they saying they have paid DKM, we must know these. WHEN, WHO, WHERE, HOW . they can save some money to rig 2020 election, we are fed up with lies. mahama isnt alternative, it time we rise up as Ghanaiana and solve the problems, greed, cheat and lies in the country with the Ghana heart, the kwame nkrumah heart. am surprise akufo addo is not at least if weak in economics, copy 100% of kufour economy. i miss baah wiredu, RIP kwadwo, we may never get a nice finance minister like you
Wisdom has eluded the NPP