Pay us our locked-up funds or our 500,000 people will vote against you on December 7 - CASLOC

Members of the Coalition of Affected Savings and Loans Customers (CASLOC) have threatened to vote against the ruling New Patriotic Party (NPP) if their locked-up funds are not released before the 2024 general elections.

The Coalition includes depositors from 23 collapsed savings and loan companies, 347 microfinance institutions, and 39 microcredit institutions.

Addressing a press conference on Monday, November 25, 2024, the Coalition disclosed that over 500,000 members are still awaiting the return of their funds. According to them, although the government, through the Receiver, reimbursed over 2 million depositors, with many receiving their payments ahead of the 2020 general elections, their members did not receive their funds.

Ezekiel Annor Akagbo, the group's secretary, told journalists that all the claims by government communicators that all affected customers have been paid are false.

"We are calling upon the government to instruct the Receiver to release whatever funds are left to the Receiver to use to pay the rest of us. Because anytime the government is talking on campaign platforms or wherever what we hear and what they have been saying is that everybody has been paid. But look, those of us standing here have not received anything.

"We have our members across all 16 regions of Ghana. Mind you, the number of institutions that collapsed was over 300, and the customers were over 3.3 million. And those that have been paid are a little over 2 million. And those left are over 500,000.

"So we are giving the government a one-week ultimatum that by the end of this week if we don't receive our payments, we are going to vote against the government."