BUSINESS NEWS

Only 18% of us have been paid – Depositors of collapsed Savings and Loans

The coalition of savings and loans customers is challenging government’s assertions that some 98% of all depositors of microfinance, savings and loans and financial houses whose licenses were revoked, have been paid their claims.

The aggrieved customers contend government has only validated five hundred and three thousand out of the 3.3 million depositors for payment.

They argue that the president is being ingenious bandying around percentages instead of stating the exact number of people who have been paid.

Addressing a news conference in Kumasi, secretary of the Coalition of Affected Savings and Loans Customers Ezekiel Annor Agakpo contended, “When it comes to scoring political points, they tout themselves to bailing out 4.6 million depositors

“But when it comes to the real payment, it is only a figure less than 1.6 million leaving out a figure of around 3 million affected depositors who may be denied their hard earned monies,” he argued.

Ezekiel Agakpo told Ultimate News, several of the Proof of Debt documents have either not reflected on the list of the receiver with others queried without proper redress.

He demanded that government opens up another window for all affected depositors to resubmit valid claims for vetting.

Affected depositors, who spoke to Ultimate News, pointed out challenges they are facing accessing their funds.

I deposited four thousand of my pension money with Noble Dream. These are photocopies of my claims but since 2014 I have received nothing,” a 78-year-old aggrieved customer told reporter Ivan Heathcote – Fumador.

“I was part of the first people who received text messages that the receiver had received our documents. Since then I have not received any notice of payment. Anytime I see my passbooks, my blood pressure shoots high,” another customer lamented.

The group indicates it is going to hold similar news conferences across the length and breadth of the country to ensure that the public is aware of what they call the unfairness in governments payment of depositors affected by the financial sector clean-up.

Source: Starr FM

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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