• VIDEOS
  • About
  • Contact
  • Despite Media
Ghana Election 2020
  • Home
  • Election 2020 Results
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • VIDEOS
  • Media
    • Videos
    • Audio
    • Photos
Local News
 
 
 
Home Business Banking/Finance 202009

Be Careful Of Unlicensed, Mouth-Watering Schemes Next Time – Prez Akufo-Addo to DKM Customers

09-Sep-2020
/ Banking/Finance, Business
Email
Print
Comments 0
(0)
Comments
Share on Facebook Share on Twitter
 

President Nana Addo Dankwa Akufo-Addo has cautioned the general public against investing in financial institutions that are not licensed by the Bank of Ghana (BoG) or the Securities and Exchange Commission (SEC), which “will put us in a difficult position.”

Speaking on Techiman-based Classic FM, Nana Akufo-Addo said: “It is important to find out whether a scheme is licensed by Bank of Ghana, Securities and Exchange Commission or whether it is legitimate.”

According to Nana Akufo-Addo, the erstwhile Mahama administration started paying some customers who had their monies locked up in DKM and his regime is doing the same thing, with the assurance that every customer would be paid by the end of September this year. 

“I instructed that we find money and pay all the locked-up funds. Since September 2017, we've made some payments.

“We are left with just a few. 

"Even that, we’ve started paying.

“I'm sure you've heard that some people have received their money.

“By the end of September 2020, we will clear everything. I'll pay everybody and put an end to the matter once and for all,” President Akufo-Addo noted.

President Akufo-Addo is in the Bono East, Bono and Ahafo regions on a six-day working visit.

In 2015, the BoG suspended the operations of DKM Diamond Microfinance Company Limited for violating the Banking Act.

The Financial Intelligence Centre (FIC) also froze five of the company’s accounts: DKM Mining, Transport, Shea Butter, Cement Depot and DKM Gas Filling Station

While DKM argued that it was a genuine financial institution registered under the Banking Act of Ghana and had not violated any BoG law, the central bank indicated that the defunct financial institution failed to comply with the terms and conditions stipulated in its licence, and holds insufficient assets to meet its liabilities to depositors.

DKM collapsed during the Mahama-led administration.

Source: classfmonline.com

 

 
 

 

Comments ( 0 ): Post Your Comments >>

Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
Featured Video
Previous Post

My Govt Has Paid 98% Of Depositors Of Collapsed Banks, Microfinance Companies - Akufo-Addo

 
 

More Stories

Menzgold Customers Sue Government Agencies For 'Negligence'
Fidelity Bank Opens New Branch In Sampa
Absa Bank Ghana Partners M.Anifest To Promote Smart Banking With ‘Simple & Easy’ Campaign
I Never Promised To Pay Menzgold Customers – Mahama
Mobile Intelligent Banking Enables Digital Transformation In The FSI
Standard Chartered Bank Celebrates Customers With 100% Waiver On All Account To Wallet Transactions
Aggrieved Menzgold Customers Threaten To Vote Against NPP
Hackers Steal Billions Belonging To Airtel, MTN, Stanbic, Others
Fidelity Bank Introduces Auto Loan Package For Health Workers

  Ghana Business News

  • General News
  • Economy
  • Banking & Finance
  • Stock Market
  • Industry/Manufacturing


 
 

Other Banking/Finance Stories

  • Menzgold Customers Sue Government Agencies For 'Negligence'

  • Fidelity Bank Opens New Branch In Sampa

  • Absa Bank Ghana Partners M.Anifest To Promote Smart Banking With ‘Simple & Easy’ Campaign

  • I Never Promised To Pay Menzgold Customers – Mahama

  • Mobile Intelligent Banking Enables Digital Transformation In The FSI

  • Standard Chartered Bank Celebrates Customers With 100% Waiver On All Account To Wallet Transactions

  • Aggrieved Menzgold Customers Threaten To Vote Against NPP

  • Hackers Steal Billions Belonging To Airtel, MTN, Stanbic, Others

  • Fidelity Bank Introduces Auto Loan Package For Health Workers

  • BoG Maintains Policy Rate At 14.5 Per Cent

 

 
 

Popular Videos

Carlos Ahenkorah Opens Up On Why He Disobeyed Osei Kyei Mensa Bonsu

Carlos Ahenkorah Recalls Muntaka’s Heavy Knock And Beatings

Reckless Comment! Is Bulldog A Rebel Leader? – Owusu Bempah Quizzes

Kwabena Marfo Demonstrates Best S3x Position To Help Protect Pregnant Women And Unborn Babies

Fati Abubakar Punches Holes In NDC Election Petition

Election Petition: Lawyer TK Highlights What Happened At The Supreme Court

Peace FM Online and Despite Media

peacefmonline.com offers its reading audience with a comprehensive online source for up-to-the-minute news about politics, business, entertainment and other issues in Ghana

Follow us on social media:

Category

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Opinion
  • Trivia
  • Foreign
  • Audio
  • Photos
  • Videos
  • Elections
Decision Time
Ghana Election 2020 2016 Elections
Services
Online Radio Audio on Demand Ghana Elections Advertise with Us
Useful Links
Despite Media About Us Contact Us Feedback Form Terms and Conditions Privacy
Our Brands
Despite Media UTV Peace FM Okay FM Hello FM Neat FM Peacefmonline
  • About
  • Advertise
  • Terms & Conditions
  • Contact
  • Privacy

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media

  • Home
  • Local News
  • Politics
  • Showbiz
  • Sports
  • Business
  • Articles
  • Trivia
  • Foreign
  • Photos
  • Videos
  • Audio
  • Election 2020

© 2020 Peacefmonline.com - An online portal owned and managed by Despite Media