Some aggrieved customers of collapsed financial institutions in Ghana who are yet to retrieve their funds have threatened to destabilize the country even if part of their funds are paid.
They are demanding full payment of their locked-up funds. Anything short of that, they note, will leave them with no other option than to turn the country upside down even if that will cost them their lives.
“We will only get part of our investment…that is to hell! It can never happen. Otherwise, we are going to turn the country outside down. One by one, we will die and they will bury us. They will bury us. So they should prepare coffins, as many as possible,” one of them warned on behalf of the rest in an interview he granted Joy Fm monitored by Bizzygh.com
Government, through the Securities and Exchange Commission (SEC) recently the revoked licenses of 53 fund managers because of insolvency.
As part of what regulators of the financial space call a clean-up of the sector, many banks, savings and loans companies, microfinance institutions, fund managers among others have had their licenses revoked for various breaches of the laws governing them.