The Locked-up Investment Holders Forum (LIHF) has announced plans to stage another protest at the Ministry of Finance on Wednesday, May 15.
The move is to pressure the Finance Ministry to allocate funds for the Bank of Ghana to revoke the license of insolvent finance houses and pay depositors their funds.
A statement announcing the action recounted the group’s series of protests to retrieve their locked funds.
“On March 28, 2024, we sent a petition to the ministry appealing to the minister to provide funds for the payment of depositors’ funds with the insolvent Finance Houses and Savings & Loans Companies to enable Bank of Ghana to revoke their licences, in line with the government’s commitment to protect depositors’ funds,” the statement said.
However, the issue has yet to be addressed by the Finance Ministry despite the reminders being sent.
The convener of the forum, Dr. Adu A. Antwi, expressed disappointment at the lack of government action and emphasized the urgency of their demand.
As a result, they have scheduled a picketing exercise at the Ministry of Finance starting from 9 am on Wednesday.
The group will march from NDK Financial Services to the ministry’s premises using designated routes and disperse at noon.
It will be recalled that the group began engaging with the central bank a year ago to help them redeem their investments from the financial houses and savings and loan companies.
The protest is expected to continue every Wednesday until their demands are met.