Madam Akua Asiedua, a 108-year-old resident of Kwahu Aduamoa, has appealed for assistance from Vice President Dr. Mahamudu Bawumia and Agriculture Minister, Bryan Acheampong to help recover her locked-up savings of over GHS 12,000 in a defunct financial institution.
According to Madam Akua Asiedua, her grandchildren have had to drop out of school due to financial hardships.
Despite her belief that she has limited time left, she wishes to secure a brighter future for them.
“Dr. Bawumia, and Bryan, I come to you for help through this video. It’s been six years since my money was locked up in the bank that collapsed. I have tried repeatedly to get my money back but have been unsuccessful. Because of this, some of my grandchildren have had to stop schooling. I have no means to fund their education, so I plead with you to help me retrieve my money. I have no one to support me. Now, at my advanced age, I know my time is short, but I don’t want my grandchildren to live a miserable life after I am gone. Please, help me recover the money that has been locked up for so many years,” the centenarian pleaded in a video shared on social media platform X.
In 2019, the Bank of Ghana (BoG) undertook a financial sector clean-up, revoking the licenses of 347 microfinance companies, 23 savings and loans and finance companies, and 16 universal banks.
The clean-up has led to a smaller but more sustainable banking sector. The BoG estimated the total cost of the exercise at GHS 10.98 billion ($2.1 billion) in 2019, accounting for just over 3% of the country’s GDP.
Source: www.ghanaweb.com
