Members of the Locked Up Investment Holders Forums have declared their determination to stage protests against the government every Wednesday until their demands are addressed.
Their resolve stems from their investments, totaling millions of Ghana cedis, being trapped in distressed financial institutions regulated by the Bank of Ghana.
Financial institutions such as NDK Financial Services, SIC Savings and Loans, Bond Savings and Loans, and SDC Financial Services have failed to repay either the principal or dividends to their customers for the past six years, despite numerous appeals at their respective offices.
Many members of the forum, some of whom are at retirement age, express their hardship, unable to live comfortably due to this situation.
They urge the government, particularly the Ministry of Finance, to declare the affected institutions insolvent and reimburse their trapped funds.
Dr. Adu Anane Antwi, the group’s Convener, stated in an interview that they will persist with their protests until their funds are recovered, showing unwavering determination.
“We’ll keep on doing it [picketing]until government pays up. Government will listen, we will continue picketing until government listens and the Ministry of Finance makes a financial provision. Regardless of our ages we have to continue picketing every week. Our defendants and family are supporting us.”