The Brong Ahafo Regional Security Council is leading a forum to lay bare facts and current developments in the microfinance scam that has hit the region.

The forum, which will be held in Sunyani, will be attended by officials of the Bank of Ghana, opinion leaders and victims of the scam.

It is expected to among other things consider proposals to utilize money left in the accounts of DKM and God is Love, two microfinance companies unable to pay their clients.

Customers of the two financial institutions are facing a hard time retrieving their funds as managers of the facilities are unable to account for them.

The BNI has arrested owners of the facilities as investigations into their activities continue.

The microfinance companies took deposits from investors totalling 415 million Ghana cedis but as at the time the Bank of Ghana closed their accounts only 72 million Ghana cedis was found in their accounts.

Forum takes off to address concerns of microfinance scam victims

The central bank says the microfinance companies were promising unrealistic interest rates on deposits of their customers.

Managers of the companies are currently in BNI cells assisting with investigations.

Meanwhile, President John Mahama has called for de-politicization of the issue.

The President also refuted rumours that he and the First Lady, Lordina Mahama, are behind some fraudulent microfinance institutions in the Brong Ahafo Region.

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