The Locked-up Investment Holders Forum will today March 27, 2024, embark on a protest against the Bank of Ghana (BoG).
Their action is to impress on the Central bank to address the issue of investments trapped in BoG’s-regulated financial entities.
A statement issued by the convener, Dr. Adu A. Antwi, the converging point would be at NDK’s premises at 9 am.
Participants will then proceed to BoG to present their petition to Governor Dr. Ernest Addison then to the Finance Ministry to engage the Minister on the petition.
The Forum is a group established to protect the investments of individuals who have funds invested with FHSLs licensed by the BOG but cannot access their investments.
The group says they petitioned BoG on May 2 2023 to intervene and enable them to access funds from certain FHSLs licensed by the BoG.
However, these FHSLs had been unable to meet the interest and principal payment demands of their customers for about three years at the time, but their plea received no response.
After Wednesday, the public protests will be held every two weeks until the end of November 2024.
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Read below the statement by the Locked-Up Investment Holders Forum below:
PUBLIC PROTEST BY LOCKED-UP INVESTMENT HOLDERS FORUM
Locked-up Investment Holders Forum, a forum which seeks the release of locked-up investments in licensed financial institutions to investors, will hold a Public Protest tomorrow Wednesday, 27th March 2024 to further press home the Forum’s demand on Bank of Ghana for the resolution of investments locked-up in financial institutions licensed and regulated by the Bank of Ghana.
Members will converge at the premises of NDK at 9 am and march to the Bank of Ghana to have a meeting with the Governor on their Petition, and then to the Ministry of Finance to have a meeting with the Minister on the Petition.
Dr. Adu A. Antwi
Convener