The Locked-up Investment Holders Forum (LIHF) on Wednesday (August 7, 2024), resumed their picketing at the Finance Ministry to demand a refund of their investments.
The move is to pressure the ministry to allocate funds for the Bank of Ghana to pay depositors their funds.
The group, who have been picketing since May 2024, expressed disappointment at the ministry’s reluctance to address their concerns despite numerous protests and petitions.
The convener of the forum, Dr Adu A. Antwi, reiterated their resolve to protest every Wednesday to drum home their message.
The investors urged the government to utilise the unallocated GH¢200 million from the GH¢4 billion allocated to address challenges in the financial sector, including GH¢2.3 billion for NIB’s recapitalisation, to pay locked-up funds.
This, according to them, would enable the central bank to revoke licences and pay investors.
Additionally, they appealed for a reduction in the GH¢2.3 billion allocated to NIB, citing the country’s financial challenges and the need to prioritise vulnerable pensioners and sick depositors.
The investors forum emphasised the need to restore investor confidence in the financial market and ensure stability.
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.