Source: - Some disgruntled costumers of the Diamond Winners Microfinance Company Limited in Bolgatanga in the Upper East Region are blaming the Bank of Ghana for failing to properly regulate the operations of the company.
The Microfinance company like many others across country, has been indefinitely closed down and a moratorium placed on their operations by the Ghana of Bank as part of measures to ensure that the company operates within the law.

The closure has made it impossible for customers of the company to get access to the monies they deposited, causing a lot frustration for them.
According to the customers, failure of the Bank of Ghana (BoG) to properly regulate and supervise the operations of the microfinance company has cost over one thousand costumers of the company, monies totaling about 27 million Ghana Cedis.

It is not even clear to them whether these monies will ever be paid back to them or not.

One of the customers, Barnabas Ayanoore who is also convener of the frustrated customers, said; “Businesses are folding up, people can no longer even feed their families. If care is not taken, people may even commit suicide”.

Another customer, Ernest Ayagle Anaba, a second year medical student of the Anglican University is confused because his school fees is locked up with the microfinance company and his dream of becoming a medical doctor now hangs in the balance.

The customers say the regional minister, members of the Regional House of Chiefs and the Upper East Parliamentary Caucus have all failed to intervene on their behalf.

They are therefore appealing to President John Mahama to intervene and push for the Bank of Ghana to speed up their work, so that they can retrieve their monies.


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