• Latest
  • Trending
Nana Addo promises to hold persons involved in banking collapse accountable

Why do you promise if you can’t deliver -Defunct savings and loans customers to Prez Nana Addo

February 25, 2020
Kamaldeen Sulemana officially joins Atalanta from Southampton

Kamaldeen Sulemana officially joins Atalanta from Southampton

July 2, 2025
Inflation falls to 13.7% in June , lowest since 2021

Inflation falls to 13.7% in June , lowest since 2021

July 2, 2025
Ghana Water Company Ltd. Announces Possible disruptions in water supply due to Emergency Repairs at Weija Dam

Ghana Water Company Ltd. Announces Possible disruptions in water supply due to Emergency Repairs at Weija Dam

July 2, 2025
MoMAG denounces unauthorized charges by Mobile Money Agents

MoMAG denounces unauthorized charges by Mobile Money Agents

July 2, 2025
Ghanaians Urged to End Indiscriminate Burning and Embrace Recycling

Ghanaians Urged to End Indiscriminate Burning and Embrace Recycling

July 2, 2025
24-Hour Economy transitions from “Slogan to Strategy”-Mahama

24-Hour Economy transitions from “Slogan to Strategy”-Mahama

July 2, 2025
Private Sector will lead 24-Hour Economy, Govt to play facilitative Role- Prez Mahama

Private Sector will lead 24-Hour Economy, Govt to play facilitative Role- Prez Mahama

July 2, 2025
Public Urged to Support Drive Against Air Pollution

Public Urged to Support Drive Against Air Pollution

July 2, 2025
Press Conference: NPP to Address EC’s Announcement on Ablekuma North Re-run

Press Conference: NPP to Address EC’s Announcement on Ablekuma North Re-run

July 2, 2025
EC to Rerun Ablekuma North Parliamentary Election in 19 Polling Stations on July 11

EC to Rerun Ablekuma North Parliamentary Election in 19 Polling Stations on July 11

July 2, 2025
24-Hour Economy is a “living programme” guided by Science and Social Democracy-Goosie Tanoh

24-Hour Economy is a “living programme” guided by Science and Social Democracy-Goosie Tanoh

July 2, 2025
EOCO urges citizens to report hidden assets and corruption under “Operation Recover All Loot”

EOCO urges citizens to report hidden assets and corruption under “Operation Recover All Loot”

July 2, 2025
Happy Ghana
No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live
No Result
View All Result
Happy Ghana
No Result
View All Result
Home Sports

Why do you promise if you can’t deliver -Defunct savings and loans customers to Prez Nana Addo

in Sports
Nana Addo promises to hold persons involved in banking collapse accountable

Nana Addo promises to hold persons involved in banking collapse accountable

Share on FacebookShare on TwitterShare on Whatsapp

Leader of Coalition for Affected Savings and Loans Customers, Kofi Sarpong, has expressed his disappointment in the President as he reveals that the affected savings and loans customers were unable to receive their monies on the 24th of February, 2020 as promised by the President.

In his speech at the State of the Nation Address, the President promised that persons whose funds were locked up in the collapsed savings and loans companies will receive their monies beginning February, 24th.

READ MORE: Savings and loans, microfinance depositors will get 100% of their deposits – Bawumia

“I am informed that the Receiver of the savings and loans and the microfinance institutions will on Monday 24th February [2020], begin making payments to their customers, [with] these monies totaling GH¢5 billion being in addition to the GH¢13 billion being paid to the customers of the failed banks,” the President stated.

However, in an interview on the Happy Morning Show aired on Happy 98.9FM, the leader of the Coalition of Affected Savings and Loans Customers revealed that the exercise focused on validation and verification rather than payment.

“The president said that on Monday, 24th, February, payment will start, he didn’t say processes will start. The processes began in September and the receiver informed us that within 30 days after the forms are filled, we will be validated. So what processes are they talking about from September till now? Have we still not been validated? So when will they be done?, he queried.

RAED MORE: Kwame Nkrumah’s words about the 1966 coup led by kotoka

According to him, prior to yesterday, he was informed by some media houses that they will not receive their monies because there were no modalities in place. However, because of the trust they had in the President, they had journeyed from far places to take their monies only to find out that they will not receive their monies.

He also revealed few of them had received their monies but not hundred-percent (100%) as assured by the President.
He thus pleaded with the President to come to their aid by migrating all the customers unto a system where their accounts can be credited.

The Bank of Ghana revoked the licenses of some 23 insolvent savings and loans companies and finance houses in 2019. This action caused the lock-up of the monies of customers.

However, President Nana Addo Dankwa Akufo-Addo has promised to give back monies to customers of these defunct institutions.

By: Alberta Dorcas N D Armah

Tags: Nana AddoSavings and loans

Subscribe to receive notification everytime a new post is published. We promise to be discrete.

Unsubscribe
Previous Post

FDA reacts to poisonous gizzard on the market

Next Post

WPL: Nominations for NASCON Coach of the Month

Next Post
WPL: Nominations for NASCON Coach of the Month

WPL: Nominations for NASCON Coach of the Month

Search

No Result
View All Result

Listen Live

BBC Match of the Day Africa

Happy Ghana

Recent News

  • Kamaldeen Sulemana officially joins Atalanta from Southampton
  • Inflation falls to 13.7% in June , lowest since 2021
  • Ghana Water Company Ltd. Announces Possible disruptions in water supply due to Emergency Repairs at Weija Dam
  • About
  • advertise
  • Privacy Policy
  • Contact Us

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.

No Result
View All Result
  • Home
  • News
  • Sports
    • International Sports
    • Afcon2017
    • Afcon2019
    • Corporate Knockout
    • U17 World Cup
    • World Cup 2018
  • Entertainment
  • Business
  • Bizarre
  • Feature
  • More
    • Technology
    • Opinion
    • Lifestyle
  • Listen Live

© 2025 Happy FM – Powered by Ghana’s leading radio network. Designed with passion by Global Media Alliance.