The Minister of Finance, Ken Ofori-Atta has disclosed that the deposits of 80% of the customers of the liquidated deposit-taking institution, DKM Diamond Microfinance Limited have been repaid
He said: "...
"The official liquidator received 99,858 claims and the validated claims amounted to 502 million Ghana cedis. I will like to inform the country that, out of the 99,858 claims 79,708 - 80% have been settled and depositors have been paid."
According to Mr Ofori-Atta, the liquidator has made provision for 90 per cent of DKM claims but is yet to reach an agreement with some 7,568 claimants who have deposits above GH₵10,000.
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"The government has set aside funds at the Bank of Ghana to pay the remaining 20 per cent of depositors upon validation, an additional 12,612 claims have been fully provided for but the customers have not as yet been able to show proof of deposit.
"This means that 90 per cent of DKM claims from depositors
Customers of DKM lost their investments running into millions of cedis after the central bank in 2015 suspended the operations of the company for violating the Banking Act, Act 2004 (Act 673).
The Bank of Ghana (BoG) then confiscated the assets of the company and appointed the Registrar General’s Department to commence the liquidation process on March 29, 2016, to refund customers of the company.