Home Business Wampah’s Retirement Raises More Questions

Wampah’s Retirement Raises More Questions


dr kofi wampah

Some aggrieved customers of DKM Micro Finance Company in the Brong Ahafo Region have reacted angrily to the retirement of the Governor of the Bank of Ghana (BoG), Dr. Henry Kofi Wampah, saying the move is a ploy by the BoG boss and the government to hide information from the public, especially customers, whose monies have been misappropriated.

Dr. Wampah, who has retired after three years in office, has been accused of failing to ensure the effective monitoring of the operations of micro finance companies, especially those in the Brong Ahafo Region where many residents have lost their life savings through the scam.

His exit from the bank came as a shock to many affected residents in the region.

Some customers told DAILY GUIDE that DKM’s property would be liquidated and the proceeds given to customers to lessen their plight.

A customer, Emmanuel Kusi Sarpong, a newspaper vendor at Sunyani, told the paper that Dr. Wampah’s exit is a ploy by government to conceal information from the public.

The President, in the State of the Nation’s Address, categorically blamed the BoG before Parliament and the governor’s response to the lawmakers that the BoG cannot be blamed for the mess in the microfinance business shows that there is something fishy about the whole thing,” Mr Sarpong added.

He said Dr Wampah’s exit from the bank would not improve the lives of customers, adding that he would surely get his pension.

Another customer, Katrina Boamah said Dr Wampah’s exit would not affect the bank’s operations because his successor would scrutinize all documents that would be handed over to him or her, saying “soldier go, soldier come.”

“We plead with the incoming governor to speed up the liquidation process.

Another customer, Mark Adjei, who works in a banking institution, said because the financial year has not ended, the governor’s exit would surely have an effect on the banking sector.

He wondered why commercial banks in the region had failed to mobilize funds in the area.

Mr. Adjei appealed to the next governor to work hard to mobilize enough funds to ensure the socio-economic development of the country.

He said unfortunately the issue has been excessively politicized and appealed to customers to exercise patience for the next governor to address the issues.

From Daniel Y Dayee, Sunyani


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