I took a loan to organise my mum’s funeral – Convener of Locked up Investments Holders

Convener of the Locked-up Investment Holders’ Forum, Dr. Adu Anane Antwi, has revealed that due to his locked-up funds, he was compelled to go for a loan to organize his late mother’s funeral.

Speaking to Daakyehene Ofosu Agyemang on New York-based Adinkra FM Morning show, Dr. Adu Anane who is the former General Director of the Securities and Exchange Commission, disclosed that he has not received interest on his investment which was with now defunct NDK Financial Services since 2019.

“I had to go for a loan and go begging other people before I could raise funds to organize the funeral of my 96-year-old mother at a time I had money sitting down locked with NDK Financial Services.

"I lived a worthy life, I never stole from the state. I did a lot of work including part time just to meet life’s expectations and save something towards your retirement. I expected to live a comfortable life after retirement. I didn’t envisage that things would be this way after my funds have been locked up.”

Meanwhile, members of the Locked-up Investment Holders’ Forum have announced weekly picketing at the Finance Ministry as they accuse the government of not honouring the promise of paying their locked-up funds.

The group put on hold an earlier protest after the Deputy Finance Minister, Dr. Stephen Amoah, assured to address their concerns.

The group have been putting pressure on the Finance Ministry to guarantee that the Bank of Ghana can release funds held in defunct financial companies.

The lead Convener of the Locked-up Investment Holders’ Forum, Dr. Anane Antwi said, the group will embark on weekly picket at the finance ministry until their demands are met.