General News of Wednesday, 7 August 2024
Source: Citi News
Members of the Locked-Up Investment Holders Forum have protested for the eleventh time, demanding the release of their funds trapped in defunct financial institutions like NDK Financial Services.
Despite multiple petitions, they claim the Finance Ministry has ignored their plight.
Dr. Adu Anane Antwi, the forum's convenor, urged the government to use unallocated funds from a GH¢4 billion financial sector bailout to pay investors.
They also suggested reducing the GH¢2.3 billion allocated to NIB’s recapitalization, prioritizing vulnerable pensioners and sick depositors to restore investor confidence and financial stability.