Locked-Up Investment Holders suspend picketing at finance ministry

Bondholders who had their funds locked up have officially called off their picketing exercise, which was initially scheduled for Wednesday, May 22, 2024, at the Ministry of Finance.

The action was intended to demand the release of their frozen investment yields.

The Locked-Up Investment Holders represent a forum that safeguards individuals who have invested with Finance Houses and Savings & Loans Companies licensed by the Bank of Ghana.

According to a previous release issued by the group, an initial picketing exercise was organized on Wednesday, May 15, and was to occur in a recurring sequence every week.

"We had informed the Police that we would be picketing the ministry every Wednesday until the end of November 2024 if our request is not met. Therefore, we were to picket the Ministry tomorrow, Wednesday, May 22, 2024," they stated.

However, the latest press release from the group confirms that plans for the second picketing exercise have been disrupted following a phone call from the former Deputy Minister of Finance, Abena Osei-Asare, who requested a scheduled meeting with the Locked-Up Investment Holders on Monday, May 27, 2024.

In light of this development, the group has suspended all picketing exercises at the Finance Ministry for the remainder of May as they prepare for meaningful discussions with the minister.

"We wish to inform the press that, following a call today from the Deputy Minister for Finance to have a meeting with us after returning from a trip on May 27, 2024, to discuss our petition, we are suspending the picketing for tomorrow, May 22, 2024, and Wednesday, May 29, 2024," the group announced.