Lord Winners Microfinance swindles over 5,000 customers

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Joseph Osei 11 years ago

Folks,do you remember the PIRAM saga some years ago where thousands of Ghanaian lost their savings in a similar manner?The Bank of Ghana should step up its operations to check the activities of these micro-finance companies.

Folks,do you remember the PIRAM saga some years ago where thousands of Ghanaian lost their savings in a similar manner?The Bank of Ghana should step up its operations to check the activities of these micro-finance companies.
Prof. Gyau Apreh, Toronto 11 years ago

It's my hope and prayer that Mrs. Ampah does not commit suicide like one Microfinace Owner hanged himself at Kronom Kwapra in Kumasi recently becos of pressure from customers. I nearly started Microfinance on my return to Gha ...
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It's my hope and prayer that Mrs. Ampah does not commit suicide like one Microfinace Owner hanged himself at Kronom Kwapra in Kumasi recently becos of pressure from customers. I nearly started Microfinance on my return to Ghana in 2007, but for the collapse of the existing ones and advice I recived, I stopped--Today, I could have been in same situation--May God save the owners and also help the clients of the fallen Microfinace companies in Ghana. We only wait to see what will happen to Noble Dream as the remaining Microfiance company in Kumasi.
Kusum 11 years ago

All all the Micro Finance companies in Ashanti Region have collapsed. Noble Dream is the only one surviving now, but how long will Noble Dream survive,esp. if customers troop in for their monies!!!!

All all the Micro Finance companies in Ashanti Region have collapsed. Noble Dream is the only one surviving now, but how long will Noble Dream survive,esp. if customers troop in for their monies!!!!
www.owafk-africa.com 11 years ago

14,000 free scholarships for Africans

14,000 free scholarships for Africans
Kyenky3hene 11 years ago

Are innocent victims of some 'evil' machinations of some invisible hand.
Nothing could be farther from the truth! Many of the principals behind these operations,are crooked individuals,with questionable pasts,who set out to ...
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Are innocent victims of some 'evil' machinations of some invisible hand.
Nothing could be farther from the truth! Many of the principals behind these operations,are crooked individuals,with questionable pasts,who set out to dupe greedy savers. With the amount of information available about the banking/finance sector,[esp,the nature and level of competition],who could many of these new entrants hope to survive by offering unrealistic interest rates,coupled with all the giveaways weconstantly hear about in daily commercials? These 'slick' operators put out the bait,knowing quite well that there are still greedy depositors,who will bite!
Prof. Gyau Apreh, Toronto 11 years ago

Brother, some Micro Finance Operators are genuine with clean motives but the bad nuts have painted the business black leading to clients demanding their savings. Remember, no financial institution can stand if all customers d ...
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Brother, some Micro Finance Operators are genuine with clean motives but the bad nuts have painted the business black leading to clients demanding their savings. Remember, no financial institution can stand if all customers demand their savings at a go---not even the genius, Prince Kofi Amoabeng can stand. Right!
Kyenky3hene 11 years ago

You have cited;trusting that you are completely up to date on today`s news!
True, no bank,on its own,can with stand a run on it. But I do not believe that we are dealing with a catastrophic[Enron-like]situation here,because ...
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You have cited;trusting that you are completely up to date on today`s news!
True, no bank,on its own,can with stand a run on it. But I do not believe that we are dealing with a catastrophic[Enron-like]situation here,because other MF outfits are active,alive and kicking. And I do not suppose the Lord Winners Microfinance Company is a target of a malious rumour for a possible take-over by the competition,is it?
I am aware that many of companies engaged in ativities far more reckless than dealing in derivaties,hoping to make outrageous returns like 300-400%! How can expect to survive,when you purposefully take on 'loans'even the regular banks will not touch with a ten-foot pole? In some instances that I am aware of,other people savings are turned over to friends or acquaintances with nothing more than a simple handshake!
ALI 11 years ago

the bank Ghana warned you and this is not the first time this sort swindle happened. Yet the stupid quick money loving asante will fall for such sakawa. It serves you right

the bank Ghana warned you and this is not the first time this sort swindle happened. Yet the stupid quick money loving asante will fall for such sakawa. It serves you right
nuel 11 years ago

Its really fuuny how some reporters makes statements to put peoples life in danger.please MR jounalist kindly put professionlaizm first.

Its really fuuny how some reporters makes statements to put peoples life in danger.please MR jounalist kindly put professionlaizm first.
Kyenky3hene 11 years ago

Hold the appetite of greedy depositors in check,who,as you pointed out,should have realized that there is nothing like a 'free lunch',in today`s world! Where did these depositor`s think these poorly run "Susu" collection agen ...
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Hold the appetite of greedy depositors in check,who,as you pointed out,should have realized that there is nothing like a 'free lunch',in today`s world! Where did these depositor`s think these poorly run "Susu" collection agencies were goin to get the funds to pay those sky-high interests,with additional bonuses of microwaves,toaters,plasma tv sets,etc?
About 4 months ago,when the BoG cracked the whip on '419' operators who had entered the sector,we all saw how the general public was mobilized and turned against it[the BoG]by these fraudsters and their friends in the media. These greedy depositors have only themselves to blame;but nobody else!

Ghanababa! 11 years ago

What due diligence did the customers do? mass withdrawal will kill the bank and render the bank to default its customers! dialog and assurances!

What due diligence did the customers do? mass withdrawal will kill the bank and render the bank to default its customers! dialog and assurances!
Ghanabiya 11 years ago

I think your customers have been justified in their attitude towards you. They have been let down in the past by institutions like your type.

The BoG should share in the blame in this regard. They have failed to monitor ...
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I think your customers have been justified in their attitude towards you. They have been let down in the past by institutions like your type.

The BoG should share in the blame in this regard. They have failed to monitor the crooks among those running this type of businesses.
Noah 11 years ago

I think most of these financial institutions are taking Ghanians for granted and is because they have seen that our institutions that are supposed to be protecting the citizens against such fraudsters are not doing their work ...
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I think most of these financial institutions are taking Ghanians for granted and is because they have seen that our institutions that are supposed to be protecting the citizens against such fraudsters are not doing their work well.I also lost my life savings to U.S.Group of companies through their tilapia business.Up till now the man(Godfred Medicini)is walking free in Ghana.
Eugene 11 years ago

Who is responsible for protecting innocent Ghanaians from these tricksters. Is if the Bank of Ghana or What??? Do we have any institutions to protect Ghanaians at all. This is a very said case indeed

Who is responsible for protecting innocent Ghanaians from these tricksters. Is if the Bank of Ghana or What??? Do we have any institutions to protect Ghanaians at all. This is a very said case indeed
Fo. Kwaku - Tanyingbe 11 years ago

THESE NPP "SUSU"COMPANYS SWINDLE INNOCENT CITIZENS TO FINACE THEIR CAMPAIGN. THIS COMPANY WAS SET UP BY CHAIRMAN "WONTUMI"

THESE NPP "SUSU"COMPANYS SWINDLE INNOCENT CITIZENS TO FINACE THEIR CAMPAIGN. THIS COMPANY WAS SET UP BY CHAIRMAN "WONTUMI"
w3 11 years ago

You can't see your stinking arse even when lights are on - wanker

You can't see your stinking arse even when lights are on - wanker
Asanteman 11 years ago

EVEN NO BANK WILL BE ABLE TO SURVIVE IN THE MIDST OF MASS WITHDRAWALS BY CUSTOMERS. IN GHANA, JUST RUMOUR CAN COLLAPSE YOUR MICRO FINANCE BUSINESS IN A SPLIT OF A SECOND. IF A BANK TURN DOWN A CUSTOMER FOR NOT ABLE TO PROVIDE ...
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EVEN NO BANK WILL BE ABLE TO SURVIVE IN THE MIDST OF MASS WITHDRAWALS BY CUSTOMERS. IN GHANA, JUST RUMOUR CAN COLLAPSE YOUR MICRO FINANCE BUSINESS IN A SPLIT OF A SECOND. IF A BANK TURN DOWN A CUSTOMER FOR NOT ABLE TO PROVIDE MONIES TO CUSTOMER, NO PROBLEM AT ALL BUT IN SUCH CIRCUMSTANCE TO MICRO FINANCE, IT'S A DISASTER!
DAN 11 years ago

MORE THAN LIKELY THIS IS AN ndc MODE OF OPERATION JUST LIKE MERCHANTS BANK LOANS TO MAHAMA'S BROTHER..WHERE IS THE FRIC OR NCUA???? IN USA BANK DEPOSITS ARE PORTECTED BY FDIC(FEDERAL DEPOSIT INSURANCE CORP) AND CREDIT UNION D ...
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MORE THAN LIKELY THIS IS AN ndc MODE OF OPERATION JUST LIKE MERCHANTS BANK LOANS TO MAHAMA'S BROTHER..WHERE IS THE FRIC OR NCUA???? IN USA BANK DEPOSITS ARE PORTECTED BY FDIC(FEDERAL DEPOSIT INSURANCE CORP) AND CREDIT UNION DEPOSITS BY NCUA(NATIONAL CREDIT UNION ASSOC) WHEN BANKS FAIL IN USA THEY ARE SOLD TO THEIR COMPETITORS OR BRANCH CLOSED AND GOV WRITES CHECK FOR THE MONEY IN YOUR ACCOUNT! BANK OF GHANA MUST INSURE ALL DEPOSIT IN BANKS/ NON BANK BUSINESS THAT THEY ALLOW TO OPERATE! AND THEY MUST INVESTIGATE OTHERS THAT POP-UP ILLEGALLY
Rans F 11 years ago

PYRAM collapsed in 1995 when Togbe Avukoklo (I) was in charge of Ghana! GOAT!!

PYRAM collapsed in 1995 when Togbe Avukoklo (I) was in charge of Ghana! GOAT!!
w3 11 years ago

Sloppy

Sloppy

ALL CHOP BE CHOP 11 years ago

THIS IS THE TIME GOVERNMENT COME TO USE, ISSUE AN ARREST WARRANT NATIONWIDE THAT STATES "WANTED BY BNI DEAD OR ALIVE" AND PUT A REWARD AMOUNT WITH IT. ALSO GIVE THE LOWER LEVEL STAFF AN IMMUNITY TO TESTIFY AND TELL LAW OFFICI ...
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THIS IS THE TIME GOVERNMENT COME TO USE, ISSUE AN ARREST WARRANT NATIONWIDE THAT STATES "WANTED BY BNI DEAD OR ALIVE" AND PUT A REWARD AMOUNT WITH IT. ALSO GIVE THE LOWER LEVEL STAFF AN IMMUNITY TO TESTIFY AND TELL LAW OFFICIALS WHERE THESE GUYS ARE HIDING. FURTHERMORE, SET AN EXAMPLE OF THEM BY LONG TERM PRISON SENTENCES SO THAT NO ONE WOULD COME AND DEFRAUD THESE HARD WORKING CITIZENS. THE FACT THAT SOMEONE CAME TO YOUR OFFICE WITH EGGS DOES NOT MEAN YOU SHOULD CLOSE YOUR BUSINESS AND BOLT WITH THEIR MONEY. THAT IS THE MOST LAMED EXCUSE I HAVE EVER HEAD.
EZEKIEL 11 years ago

So Mrs.Ampah gave her interview from her hiding place ?? Hmmmmmmmmm

So Mrs.Ampah gave her interview from her hiding place ?? Hmmmmmmmmm
dan 11 years ago

EVERYTHING IS RUTTEN AND EVERY ONE STEAL AND CHEAT EACH OTHER

EVERYTHING IS RUTTEN AND EVERY ONE STEAL AND CHEAT EACH OTHER
cv 11 years ago

hi

hi
MakaMeho 11 years ago

Why must the journalist include Mr. Donkor's name and bank account number in this report? Isn't he being set up as target for armed robbers and identity thieves (419ers)? Were these half-baked journalists trained at all, GNA?

Why must the journalist include Mr. Donkor's name and bank account number in this report? Isn't he being set up as target for armed robbers and identity thieves (419ers)? Were these half-baked journalists trained at all, GNA?
bryt 11 years ago

see wayome carrying people money away

see wayome carrying people money away
SEAMAN UK 11 years ago

R5 AND CO DID THE SAMPE THING BANK OF GHANA IS AWARE

R5 AND CO DID THE SAMPE THING BANK OF GHANA IS AWARE

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Lord Winners Microfinance swindles over 5,000 customers

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