Audio By Carbonatix
I am done with these Savings and Loans companies. There is no way I will ever save or deal with any of them again - Words of Hannah Appiagyei, one of the over 70,000 affected customers in the recent cleanup of the Savings and Loans sector and a trader at the Mallam Attah market, in Nima a suburb of Accra.
With a target group of SMEs and startups, about five of such Savings and Loans companies can be found in and around the market, serving most of the market women.
After over a year of trying to claim back her savings of GH¢7,000, Hannah says it has had a toll on her confectionary business.
"Just take a look around. My shelves are empty. I just need the money to boost my business, is that too much to ask? She asked.
Combing through the market, I am told stories of how several women have been affected by the closedown of these institutions even leading to the closure of tabletop businesses.
However, the affected women are unwilling to speak about the issue to save themselves the pain of recounting their loss.
"Go away, I don't want to be on TV. I have lost my money, so what again do you want me to tell you?" were the words of a scorned customer as JoyBusiness tried to get an interview.
Although the regulator has assured that all customers will be given back their deposits, some of these women are still not convinced until they get back their money.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
FBI searches home of Washington Post reporter in classified documents probe
24 minutes -
Ghana’s Benjamin Arhin shines on Internacional debut with Man of the Match display
47 minutes -
Stanbic Bank Ghana maintain top rank in Customer Experience Leadership in 2025 KPMG Assessment
56 minutes -
Newmont-backed AI smart lab powers Kona D/A students to victory at Ghana Robotics CompetitionÂ
1 hour -
Venezuelan acting president says hundreds of prisoners have been released since December
1 hour -
Nilex Suites holds first open house ahead of official launch
2 hours -
We’re far from Ofori-Atta’s extradition – Frank Davies responds to Ablakwa
2 hours -
Judicial Service, Finance Ministry summoned ahead of JUSAG strike
3 hours -
Takoradi Port to receive largest bulk carrier ever to berth in West Africa
3 hours -
Mane hits winner as Senegal end Salah’s Afcon bid
3 hours -
NLC summons Finance ministry, Judicial service over JUSAG’s 8-month salary arrears
3 hours -
Interior and Education Ministries signs MoU to produce sanitary pads, school uniforms and furniture
3 hours -
GIS to repatriate 8 foreign nationals convicted over illegal activities under guise of QNET
3 hours -
The Republic of Queues: DVLA’s Digital Revolution
3 hours -
ACEP hosts Guinea delegation for three-day peer learning exchange on civil society advocacy
4 hours
