Locked-Up Investment Holders Forum demands update on GH¢4 billion budget allocation

The Locked-Up Investment Holders Forum has written to the Minister of Finance, Dr. Mohammed Amin Adam, seeking an update on the release of funds from the GH¢4 billion approved in the 2024 budget to address challenges in the financial sector.

In a letter dated October 16, 2024, the forum’s convener, Dr. Adu A. Antwi, expressed frustration over the lack of response from the Ministry despite numerous follow-ups.

“We keep on following up on the petition every Wednesday, and were told on the 28th August 2024 that the Ministry had sent a letter to the Bank of Ghana to request data on locked-up deposits with all insolvent SDIS,” Dr. Antwi stated.

“However, it has been seven weeks since then, and the Ministry has not given us any update.”

The forum is requesting a briefing on the steps being taken on their petition when they picket the Ministry on October 23, 2024.

“We will inform the police that we will not leave the premises of the Ministry on 23rd October 2024 when we picket until we have received the required briefing from you,” Dr. Antwi warned.

The Locked-Up Investment Holders Forum hopes to work with the Ministry to build back investor confidence in Ghana’s financial market and ensure financial stability.

“We hope we can work together to build back investor confidence in our financial market and ensure financial stability,” he noted.

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