The Locked-up Investment Holders Forum, a group representing investors with funds in defunct financial institutions, has warned of another picketing at the Ministry of Finance due to the ministry’s lack of response to their petition demanding the release of their locked-up funds.
The group issued a two-week ultimatum to the ministry to respond to their petition, which demands the release of their locked-up funds.
The group picketed on March 27, urging the ministry to make financial provisions to support the revocation of licenses of defunct financial institutions in order to ensure the security of investors’ funds.
The minister failed to engage with them, leading to the threat of another protest.
Convenor of the Locked-Up Investment Holders Forum, Dr. Adu Anane Antwi, expressed the group’s frustration in an interview with Citi News.
“On March 18, we sent a reminder to the minister and pleaded with them to ensure that the ministry gives us a response within the next two weeks from the date of the letter, which was March 18th.
The two weeks will end this Thursday, May 2nd. As of now, we haven’t heard anything from the ministry. If we haven’t received a response from the ministry by the end of the day on Thursday, as stated in our letter, we will resort to our last option, which is to picket at the ministry,” he stated.
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