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
-
Otumfuo–Newmont AI for youth center launched in Sankore, Ahafo Region
3 minutes -
Trump to unveil $12bn farm aid package
18 minutes -
Israel’s PM says second phase of Gaza peace plan is close
19 minutes -
We have players who can stand any challenge – John Painstil backs Ghana ahead of 2026 WC
45 minutes -
Celebrating Kufuor at 87: Arthur Kennedy hails statesman’s legacy
48 minutes -
Africa launches a landmark cultural institution for fashion, art & creative sovereignty
51 minutes -
Parliament notifies EC over vacant Kpandai seat following court re-run order
55 minutes -
Salah left out by Liverpool for Inter Milan game
55 minutes -
Gov’t lifts curfew in Sawla-Tuna-Kalba after security improves
1 hour -
More than 100 people killed in attack on hospital in Sudan, WHO chief says
1 hour -
West Africa’s Coup Season Should Alarm Ghana: Politics Turns On Moments, Not Models
1 hour -
Police arrest 3 suspected kidnappers after fierce gun battle
1 hour -
GEA terminates contracts of 218 BizBox District Coordinators
2 hours -
We’ll resist any tariff increase that will erode the meagre 9% wage adjustment – TUC
2 hours -
Dzodze-Penyi SHS Headmaster threatened me for refusing an abortion – Victim alleges
2 hours
