The Chief Executive Officer (CEO) of the Private Enterprises Federation (PEF), Nana Osei Bonsu, has stated that businesses and individuals still struggling to access their locked-up funds must be paid immediately.
Nana Osei Bonsu’s statement comes almost a month after President Addo Dankwa Akufo-Addo directed that customers of the defunct financial institutions should be paid their monies. The development, the PEF CEO lamented, is having a negative impact on the private sector since many businesses have their monies locked up with some of the Savings and Loans (S&L) companies that went under.
President Akufo-Addo, in his Christmas message in December, directed the regulators of the financial sector to pay all customers of collapsed institutions on time. But speaking to Accra-based Citi FM, Nana Osei Bonsu said there has been a total disregard for the President’s directive, hence the delay.
“How come the president in his Christmas message directed the Bank of Ghana, Ministry of Finance to try and make sure they have the liquidity to pay everybody, including the customers of collapsed Microfinance companies and Savings and Loans companies, and yet nothing has been done,” he bemoaned.
Nana Bonsu stated that the President’s directive has not been followed, hence the delay on the part of the Ministry of Finance to give feedback to affected customers. He maintained that the development is badly impacting businesses whose millions of Cedis had been saved at the collapsed financial institutions.
Meanwhile, Nana Osei Bonsu also supported suggestions from Economist Kwame Mpiani for the Bank of Ghana to print money to pay all customers of defunct institutions.
Credit: citifmonline
