Audio By Carbonatix
The Bank of Ghana has finally cleared Sunyani-based DKM Diamond Microfinance Company to resume operations.
The Governor announced lifting the ban on the company’s operations today at the press conference to announce decisions of the Monetary Policy Committee meetings.
This is after the 30-day extension of a 3-month moratorium on the company’s operations and accounts expired last Friday.
Depositors have since been anxious of a resumption of the company’s operations to withdraw their funds
Meanwhile, management of the company has stated it is commitment to comply with all the directives and conditions given by the Central Bank.
Chief Executive Officer Martin Delle told Joy Business “we have been given the greenlight to start operations but with conditions to start paying back customer-deposits and we are also not to take deposits until the bank of Ghana directs otherwise.”
The Central Bank took the action as part of efforts to address concerns the company was operating outside its remit.
Mr. Martin Delle is hopeful of a smooth resumption. “We have made arrangements with our customers in order to allow those who are so desperate to come and withdraw their monies.
“But we will do our best to control the influx of depositors to our offices to withdraw their cash so that everything will be orderly done.”
Some customers were obviously elated by news that the company was opening its operations saying this would afford them the opportunity to withdraw their monies which have been locked-up for months.
One of them told Joy Business he is still upset about the hardship the BoG’s action has brought to his family, he is at least pleased the long wait is gradually coming to an end.
The company is expected to open its doors to customers on Tuesday, September 22.
Latest Stories
-
Ghana Prisons Service on manhunt for 29-year-old escapee
14 minutes -
Researchers warn Ghana’s coastal erosion could worsen
16 minutes -
Algeria claim first-ever podium finish after penalty shootout win over hosts Morocco
2 hours -
NPP struggled even in traditional strongholds in 2024 – Annoh-Dompreh
2 hours -
NPP must elect strong parliamentary candidates to reclaim Greater Accra seats – Patrick Boamah
2 hours -
Abdul Rahman retains Upper West NPP chairmanship despite Nandom protest
2 hours -
Iddrisu Sulemana edges Clifford Braimah to become NPP Savannah Regional Chairman
2 hours -
‘Arrogance of power’ is driving voters back to NPP in Ashanti Region – Paul Adom-Otchere
2 hours -
They demolish buildings and tell us they’re building 24-hour markets – Paul Adom-Otchere
3 hours -
NPP’s 2024 Bolgatanga Central Parliamentary Candidate elected Upper East Regional Chairman
3 hours -
Incumbent Northern NPP Chair wins as new faces break through in party executive elections
3 hours -
Former Health Minister Okoe Boye elected NPP Greater Accra Regional Chair
3 hours -
Joseph Kobinah Esibu elected NPP Central Regional Chairman
3 hours -
Fernandez booed by Chelsea fans as Alonso offers glimpse of blueprint
3 hours -
PSG sign World Cup winner Torres from Barcelona
3 hours