Minority Members of Parliament are demanding investigations into the conduct of the Bank of Ghana in relation to the activities of some fraudulent microfinance companies in the country.

Customers of some microfinance institutions in the Brong Ahafo Region have had their investments frozen, after the Central Bank ordered the firms to close down after breaching certain regulations.

Speaking at a news conference Monday December 28, 2015, spokesperson for the Minority Caucus in the region, Kweku Agyemang Manu, recounted the hardships the closure of the institutions had brought to patrons and demanded a probe.

He said the victims have seen no peace, and that those, who borrowed from banks to invest in these institutions, are facing the wrath of those banks. “In fact they are facing sleepless nights,” he emphasised.

According to him, marriages and homes have broken down as a result of the consequential hardships.

“We, as well, demand explanation of the government’s own conduct on the matter. We believe the government could have done better in the interest of the people.

“We also demand that the Chief of Staff honours his pledge of paying back the monies to the victims immediately as the [three deadlines] he imposed on himself at a function with the queenmother at Nkoranza and in the presence of the MP for Nkoranza North, Major Derrick Oduro (rtd), expired two days ago,” he said.

Source- Ghana/ClassFMonline.com/91.3fm

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