A 108-year-old resident of Kwahu Aduamoa, Madam Akua Asiedua, is seeking assistance from Vice President Dr. Mahamudu Bawumia and Agriculture Minister Bryan Acheampong to recover over GH¢12,000 in savings trapped in a defunct financial institution.
She explained that her grandchildren have been forced to drop out of school due to the financial difficulties, and despite her age, she is determined to ensure a better future for them.
“Dr. Bawumia, and Bryan, I come to you for help through this video. It’s been six years since my money was locked up in the bank that collapsed. I have tried repeatedly to get my money back but have been unsuccessful. Because of this, some of my grandchildren have had to stop schooling. I have no means to fund their education, so I plead with you to help me retrieve my money. I have no one to support me. Now, at my advanced age, I know my time is short, but I don’t want my grandchildren to live a miserable life after I am gone. Please, help me recover the money that has been locked up for so many years,” the centenarian pleaded in a video shared on social media platform X.
In 2019, the Bank of Ghana (BoG) carried out a financial sector clean-up, revoking the licenses of 347 microfinance companies, 23 savings and loans and finance companies, and 16 universal banks.
This process resulted in a more streamlined and sustainable banking sector. The BoG estimated the total cost of the clean-up at GH¢10.98 billion ($2.1 billion), which accounted for slightly over 3% of the country’s GDP.
A 108-year-old Madam Akua Asiedua from Kwahu Aduamoa has cried out for help, specifically from Vice President Dr. Mahamudu Bawumia and Agriculture Minister Hon. Bryan Acheampong, regarding her locked-up savings of over GHS 12,000 at First Allied Savings and Loans Co. Ltd., which… pic.twitter.com/U9Xao3Edxn
— EDHUB🌍ℹ (@eddie_wrt) November 5, 2024