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ECONOMICS

Govt settles 80% of DKM customers - Finance Minister

The Minister of Finance Ken Ofori-Atta has told Parliament that the New Patriotic Party Government has paid 80% of the troubled DKM customers.

Date Created : 11/15/2018 6:54:16 AM : Story Author : Christian Kpesese/ghanadistricts.com

“I would like to inform the country that out of the 99,858 claims, 79,708 (80 percent) have been settled and depositors have been paid” he stated as he present the 2019 Budget statement to the lawmakers.

The situation he said has significantly changed under the current Government as steps are being taken to settle almost all claims of DKM customers since the previous administration failed to resolve the challenge.

Mr. Speaker, you would recall that DKM Diamond Microfinance Limited had its license revoked in February 2016 with considerable suffering imposed on depositors, without any meaningful response from the previous government.

He noted that the official liquidator received 99,858 claims and the validated claims amounted to GHS502 million as government has set aside funds at the Bank of Ghana to pay the remaining 20 percent of depositors upon validation.

The Minister disclosed that an additional 12,612 claims have been fully provided for, but the customers have not as yet been able to show proof of deposit.

Former President John Dramani Mahama recently urged DKM customers to force the Akufo-Addo government to repay their claims as promised during the 2016 electioneering campaign season.