Audio By Carbonatix
A customer of Gold Man Savings and Loans has told Joy News that she has to beg for food to feed herself and her three children after her investment got locked up.
This was after the Bank of Ghana (BoG) revealed in November 2018 revealed that more than 200 microfinance institutions, as well as savings and loans companies, were distressed.
The Central Bank said the companies were unable to either pay up returns promised clients or in some instances, even pay up the principals of customers.
This situation has left many customers of these financial institutions in a difficult situation.
Meanwhile, when the reporter contacted the Goldman Savings and Loans, they say, though the company is facing liquidity challenges, they were working to help pay back Ama's money.
Watch Joy News’ Nancy Emefa Dzradosi’s report.
Ama Adobea has since been paid her money with the company.
Latest Stories
-
Mr President, Ghana was mentioned at the UN; why aren’t we talking about it?
3 hours -
Accra to convene Africa’s regulators and markets on tokenisation at AVAS 2026
3 hours -
The Paradox of Plenty — When every smartphone becomes a newsroom
4 hours -
GTA sensitises taxi drivers in ‘Know Ghana’ tourism campaign
5 hours -
Archbishop Agyinasare calls for responsible speech amid growing social media abuse
5 hours -
‘It will be inexcusable for gov’t not to honour payment of teachers’ arrears by 30th October’ – Haruna Iddrisu
5 hours -
Forbes’ World’s Best Employers 2026: No Ghanaian firm ranked among 900 companies
6 hours -
Electronic processing of teachers’ data: ‘The decision is the Controller’s’ – GES boss
6 hours -
Teachers’ Strike: Haruna Iddrisu questions paper-based processing of promoted teachers’ data
6 hours -
Savannah Region: Kunfusi bridge collapses again, leaving nearly 4,000 residents cut off
6 hours -
Teachers’ strike: GES targets Monday deadline to submit promotion data to Controller
6 hours -
Inflation to average 11.3% in 2027 – Fitch Solutions
6 hours -
‘I didn’t campaign for NDC to come and do this nonsense’ – Kpebu on EOCO’s conduct
6 hours -
Fitch Solutions maintains policy rate forecast of 14% by December 2026
7 hours -
Diaspora Nasara Caucus congratulates Mohammed Ali Suraj, new NPP executives
8 hours