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2019 Budget: 80% of DKM customers paid- Finance Minister

By Mutala Yakubu
2019 Budget
80% of DKM customers paid according to Finance Minister
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Minister of Finance Ken Ofori-Atta has revealed at the 2019 budget presentation that, 80 percent of the defunct DKM microfinance have been paid.

DKM Microfinance Limited, become the biggest microfinance scam in the Brong Ahafo region.

Many Ghanaians who had dealings with DKM were affected after their license was revoked in 2016.

Customers have made all efforts to recover their monies with the government intervening.

The Finance Minister presenting the 2019 budget in Parliament revealed that 80 percent of those affected have been settled.

He said the official liquidator received 99,858 claims and the validated claims amounted to GH¢502 million.

“I would like to inform the country that out of the 99,858 claims, 79,708 (80 percent) have been settled and depositors have been paid” Mr. Ofori Atta stated.

The Finance Minister revealed that the government has set aside funds at the Bank of Ghana to pay the remaining 20 percent 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 92 percent of DKM claims from depositors have been paid or provided for. Depositors for the remaining 7,568 claims of above” Ken Ofori Atta stated.

However, he added that GH¢10,000 are yet to reach agreement with the liquidators.

The DKM Diamond Microfinance Limited was alleged to have invested about GH¢77 million of its customers’ deposits in its subsidiary companies – DKM Airlines Company, DKM Fuel Station, DKM Transport, DKM Shea Butter Company and DKM Mining Company, among others.

Read also: 2019 budget: We've moved the economy from "Incompetence" to "Competence" Finance Minister

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