LUIHF to picket Ministry of Finance on Wednesday over delays in releasing funds
The Locked-Up Investment Holders Forum (LUIHF), advocating for the release of funds held by insolvent financial institutions licensed by the Bank of Ghana, is planning a picket at the Ministry of Finance on Wednesday, September 4, 2024.
The forum aims to pressure the Ministry to redirect funds from the government’s budget.
Specifically, they are calling for the reduction of the GH₵2.3 billion allocated for the recapitalization of the National Investment Bank (NIB).
The forum is requesting that these funds, along with the unearmarked GH₵200 million from the GH₵4 billion budget provision, be used to pay off their locked-up investments.
Members of the forum will gather at NDK Financial Services at 9:00 a.m. before marching to the Ministry of Finance, where they will continue their picket until 12:00 noon.
The action is part of their ongoing efforts to secure the release of their funds and ensure financial restitution for affected depositors.
Source: Classfmonline.com/Cecil Mensah
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