BoG to confiscate assets of Sunyani-based DKM Diamond Microfinance

9447112409915_5089508212378The company appears to be having some difficulty in paying over 15,000 to their deposits, following the Central Bank’s lifting of a 3-month moratorium. The development last Friday saw some customers throng the premises of the company, attacking staff and vandalizing property. Raymond Amanfo who is head of Financial Institutions Supervision at the Bank of Ghana said they may, in due course, take on the concerns of the customers to another level. “If it means confiscating their assets and going through a process of liquidation and the debtors of the company to pay up and pay customers, we will do that” he added. Mr. Amanfo intimated that DKM Diamond had paid close to 25 percent of its depositors’ funds as at the 12th of October “so we want to monitor them for sometime before we take any action.” “We don’t take a decision to close an institution just abruptly because it would simply create more problems so we are monitoring them very closely” he stressed.

Source: Tuorimuo/Elvis Philip/Upper West Media/Ghana

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