DKM microfinance customers appeal to BoG

Customers of DKM Diamond Microfinance Company Limited have appealed to the Central Bank to lift the 90-day moratorium imposed on the company.

According to the customers, the decision is already having a negative toll on individuals and businesses.

The Bank of Ghana imposed the moratorium on DKM Microfinance on May 11 after confirming the company was not complying with its regulations.

DKM Microfinance is also accused of having insufficient capital to meet depositors’ liabilities.

But speaking at a press conference in Bolgatanga over the week, some of the customers from the Upper East, Upper West, Northern and Brong Ahafo regions complained that their monies have been unduly locked up.

They, therefore, appealed to authorities to lessen the sanctions on the company.

“Taking cognizance of the consequences that this moratorium may have on innocent Ghanaians and promising Ghanaian enterprises, we as affected customers of the DKM Diamond Microfinance company would wish to appeal passionately to the good conscience of the powers that be at the Bank of Ghana and the leaders of our dear nation to avert a looming national disaster by tempering justice with mercy and relaxing the stance that the bank of Ghana has taken.

“We appeal that a more lenient stance be adopted in amicably resolving the DKM-BoG fallout.”