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
-
SSNIT eyes more financial investments to boost returns as total assets grow to GHS36bn
2 minutes -
EC to review CI 127, introduce dedicated portal for election results
9 minutes -
Ho Assembly destroys expired food products seized from warehouses
15 minutes -
Over 1,000 NDC women petition A-G for Sedina’s release, Volta youth group backs call
28 minutes -
Most White Volta residents evacuated ahead of Bagre Dam spillage — NADMO
31 minutes -
La Nkwantanang-Madina MCE orders probe into alleged chemical ripening of fruits
36 minutes -
EOCO must name all persons linked to Berko bribery scheme — NPP communicator
37 minutes -
Prophet Emmanuel Adjei leads powerful prophetic encounters at ‘Born to Prophesy 2026’
44 minutes -
Bagre Dam spillage: NADMO secures temporary shelters for potential flood victims
44 minutes -
NALAG President charges assembly members to keep ‘eagle eye’ on public funds
46 minutes -
Mahama must probe $1.7bn GoldBod loss – Abena Osei-Asare
1 hour -
Ousted Syrian dictator Bashar al-Assad sentenced to death in absentia
1 hour -
Assin Fosu court orders mental examination for woman accused of assaulting 10-year-old daughter
1 hour -
Vice President calls for sustainable livelihoods, stronger protection for Kayayei
1 hour -
Family, passengers injured in ghastly road crash at Ejisu
1 hour