Sentences with phrase «microfinance scam»
The Member of Parliament for Asunafo South, who was a Minister for the Brong Ahafo Region under the John Mahama administration, has challenged President Nana Akufo - Addo, to fulfill what he calls a promise made to hundreds of DKM Microfinance customers, whose investments were locked up in what some have described as one of the largest microfinance scams in the country.
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He reiterated that the first family has nothing at all to do with these microfinance companies scamming innocent people.http: / / ghanapoliticsonline.com
According to the victims, Alexander Gyan, was once a manager for the God Is Love microfinance company that duped thousands of them in one of Ghana's biggest financial scams.
National Democratic Congress (NDC) Member of Parliament for Ablekuma Central, Theophilus Tetteh Chaie, is blaming the Governor of Bank of Ghana for the alleged scam perpetrated by DKM Microfinance company and others in some parts of the country.
With 90 % of refunds made to victims of DKM and other scams, President Akufo - Addo urged residents of the BrongAhafo Region, and, indeed, all parts of the country to be wary of unlicensed microfinance institutions.
Victims of a similar scam, DKM Diamond Microfinance, are yet to be reimbursed their capital investments almost a year after the promise was made.