First Lady not owner of DKM – BoG

The Bank of Ghana has denied claims that the first lady, Lordina Mahama, has shares in the troubled microfinance institution, DKM.

Owners of the Brong Ahafo-based DKM have swindled their clients of several millions of Cedis. Some of its management members are in custody for failing to give back savings of their numerous clients. The bank of Ghana has blacklisted the company.

There are wild speculations in the Brong Ahafo region that the first family is behind the company.

But President John Mahama in his recent encounter with the media at the Flagstaff House dismissed the rumours.

“I don’t know DKM from Adam, my wife doesn’t know DKM from Adam. I only got to see him in the papers today after his arrest by the BNI but yet we are being linked to him.

”...If anybody promises I will give you 50 percent interest on your money, just know that he’s fooling you,” the President stated.

The President’s comments have been corroborated by officials of the Central Bank.

Addressing a town hall meeting with aggrieved customers of the estranged financial institutions in Sunyani Friday, Head of Other Financial institutions at the Central Bank Richard Amanfo said the bank does not have any documents of the first lady as a shareholder of DKM as is being speculated.

“The name of the first lady is not in any document available to the bank of Ghana, we don’t have anything on her in our documents,” he said.