The Volta Regional Minister has entreated residents of Ho, the capital of the region to be wary of persons who come to them with promises of doubling their investments.

Helen Adwoa Ntoso said there is nothing like something for nothing, noting, when they learn to question some of these investment companies who approach them, they will uncover their true intentions.

“Our people should be very careful. The people come and introduce themselves to you and whether they are actually a properly registered company or not they refused to demand of them,” she said.

The Volta Regional Minister disclosed this to Joynews when reacting to news of over two hundred residents of Ho allegedly swindled by some fan clubs operating in the region.

The city of Ho caved in on Thursday when angry customers of investment clubs demonstrated on the principal streets demanding government helps them retrieve their lost investment.

The customers predominantly women clad in red outfits held placards with various inscriptions. “Our money, No Vote”, “Prosperity bring our money”, and “No money, No vote” among others were some of the inscriptions.

Some of the companies alleged to have swindled some of the customers are JODEQ, Clear Image Investment, Devine Rain, Little Drop Investment Club, Prosperity and Good Health, Royal Foundation, and Royal Care among others.

They are alleged to have promised customers who invest between GH₵380 – 450 returns in the range of GH₵5,000 to 6,000 depending on the duration of one’s investment.

This development comes in some months away from what financial analysts have described as one of the investment scams of the century.

DKM Microfinance company and four others such as God is Love Fun Club, Jaster Motors and Investment Limited, Care for Humanity Fun Club and Little Drops Financial Services took deposits from clients for investment and bolted with their money.

Though the government and Bank of Ghana promised to help the customers retrieve their lost investment, nothing has been done so far.

Helen Adwoa Ntoso expressed worry, but called on the people to exercise restraint in their actions as they handle the disappointment.

She promised the Volta Regional Police Command has been notified and will take up investigations into the matter.