Mid-year budget must address our demands – Investment Holders Forum

The Locked-Up Investment Holders Forum has urged the Finance Ministry to allocate funds in the Mid-Year Budget Review to release depositors' locked-up funds in insolvent financial institutions.

During a demonstration on July 3rd, convener Dr. Adu Anane Antwi referenced the Bank of Ghana's commitment to revoke licenses and pay depositors once resources are available.

He also criticized the proposed GHS 2.7 billion recapitalization for the National Investment Bank (NIB) as excessive, suggesting it be reduced to GHS 1 billion, with further funding in the next year to prioritize urgent financial commitments.

Read full article