Vice President Dr. Mahamudu Bawumia has disclosed that all customers of DKM micro finance company would receive payment of their locked-up deposits by the next two weeks.
Dr. Mahamudu Bawumia who was speaking in an interview on GBC-URA Radio in Bolgatanga stated that the receiver had already started paying various sums of monies to the customers of the defunct company and is expected to settle all of them within this month.
“DKM customers are being paid. Some of them have received various amounts of money but within the next two weeks maximum, I think, the receiver was saying that all of them would have been paid,” he stated.
The vice president bemoaned the cost government has to incur due to the financial sector crisis. He said government has exceeded its budget as result of the collapse of the financial institutions and the payment of affected customers’ investments coupled with the negative impact of the Covid-19 pandemic which has compelled government to provide relief packages for the citizens
He however maintained that the over-expenditure by government is to protect livelihood of people while ensuring that people do not lose confidence in investing in financial institutions. He applauded his party’s government for its ability to settle the customers of the defunct micro finance company touting the payments as a major achievement.
“This is a major achievement. I mean the collapse happened under the previous government. We are now taking all of these collapse institutions and paying them back what they deposited. It is costing government but we believe that it is important to sanitize the system and also maintain confidence in the system,” he added.
