Business News Wed, 12 Apr 2017

Customers ‘fight’ ASN Financial Services over unpaid cash

Another microfinance scandal has hit the country as thousands of angry customers of ASN Financial Services protest delay in the refund of their investments from the company.

The customers who have been investing with the company for some time now are angry over the delays by management of the savings and loans company to pay their hard earned investments.

Management of ASN Financial Services on Tuesday met over 1000 clients to explain reasons why customers cannot have access to monies they invested in the company and subsequently pleaded with them to wait for a year before their investments are refunded.

But this request was rejected by the aggrieved customers who say they will not look on as the company swindles them of their savings.

One of the customers who invested over GHC50, 000 and was due to collect around GHc70, 000 told Starr News that he was asked to wait for some before he can be paid.


According to him, he was promised an interest rate of 33 percent when he deposited his money with ASN financial services.

This is not the first time customers have had to endure delays in the release of their investments owing to some irregularities.

Last year customers of the defunct DKM microfinance were unable to retrieve huge sums of monies they invested in the company.

The Bank of Ghana which has oversight responsibility of all financial institutions in the country says although it is well informed about the challenges confronting ASN, it had no idea of the meeting between the company and its customers on Tuesday.

The Central Bank, however, added that it will immediately move in to bring finality to the problem.

Source: Starrfmonline.com
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