Akufo-Addo’s claim of having paid 98% of microfinance depositors is not true – Head of Association


The head of the Association of Affected Customers of Savings and Loans institution says the President’s claim that he has paid about 98% of depositors is “untrue”.

According to Ezekiel Annor, the Bank of Ghana had revealed that about 3.3 million people had been affected after the license of these financial institutions were revoked.

Speaking on Midday News on Joy FM, he stated that from his checks, only about 297,000, which is less than 10% of the total number, have received their monies.

In a radio conversation on Sunrise FM in Koforidua, President Akufo-Addo said 98% of depositors at the microfinance and savings and loans have paid.

He added that the rest would be paid by the end of August 2020.