The sports category has moved to a new website.

Customers of defunct savings and loans companies beseech Bank of Ghana to set up 'Consolidated Savings and Loans Company' to help them retrieve their funds

The customers of the defunct savings and loans and finance house companies in Ghana have beseeched the Bank of Ghana to set up a Consolidated Savings and Loans Company or a Consolidated Microfinance Company through which their locked-up funds should be paid

Customers of defunct savings and loans companies beseech Bank of Ghana to set up 'Consolidated Savings and Loans Company' to help them retrieve their funds

According to them, the move will enable them to retrieve their funds without any challenges just like the Consolidated Bank Ghana which was set for the collapsed banks.

The group christened the Coalition of Affected Savings and Loans Customers (CASLOC), said all their accounts should be “migrated and credited fully there if only the current Banking and Specialized Depositors Act will permit.”

At a press conference in Kumasi, CASLOC said even if their request is not permissible their accounts should be migrated to an existing universal bank or banks, “possibly the Consolidated Bank Ghana (CBG).”

This, according to CASLOC, is because that is where currently all the payments of affected customers are being paid from.

ADVERTISEMENT

The group said if the current trend of payment should continue no customer can tell when he or she will have access to locked-up funds.

Additionally, they noted that it will take the Receiver and his staff about 132 years to finish paying all the locked-up funds of the over 3.3 million customers.

The Chairman and Secretary of the group, Kofi Sarpong and Mr Ezekiel Annor Akagbo respectively called on the Council of State, Parliament, the Former Presidents, the National House of Chiefs, among others to help them to retrieve their funds.

ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

10 African cities with the highest crime index at the start of 2024

10 African cities with the highest crime index at the start of 2024

Machoka at 70: Emotions run high during Citizen TV presenter's birthday [Video]

Machoka at 70: Emotions run high during Citizen TV presenter's birthday [Video]

Diwali 2022: Is Monday a public holiday in Kenya?

Diwali 2022: Is Monday a public holiday in Kenya?

Akothee finally reveals reasons for separating from Omosh 1 month after wedding

Akothee finally reveals reasons for separating from Omosh 1 month after wedding

Man, once a ‘billionaire’, recounts how he lost wealth, now sells his book on streets [Video]

Man, once a ‘billionaire’, recounts how he lost wealth, now sells his book on streets [Video]

Details of Ngina Kenyatta's luxurious restaurant

Details of Ngina Kenyatta's luxurious restaurant

Zero Chills! Jackie Matubia's advice for Milly Chebby amid the unfollow drama

Zero Chills! Jackie Matubia's advice for Milly Chebby amid the unfollow drama

Nigerian royal dignitaries, including four kings and a queen, expected to attend Museveni’s 50th wedding anniversary celebrations

Nigerian royal dignitaries, including four kings and a queen, expected to attend Museveni’s 50th wedding anniversary celebrations

10 African countries with the strongest military power in 2024

10 African countries with the strongest military power in 2024

ADVERTISEMENT