You are here: HomeNews2016 10 04Article 474794

General News of Tuesday, 4 October 2016


NPP fielding criminal suspects in DKM crisis as aspiring MPs - Asiedu Nketia

Governing National Democratic Congress (NDC) General Secretary says there is circumstantial evidence which shows that the NPP are architects of a microfinance crisis that engulfed the Brong Ahafo region.

Johnson Asiedu Nketia said although the New Patriotic Party (NPP) publicly sympathises with the victims of the microfinance crisis, they are, in truth, shedding 'crocodile tears'.

In what has become a clear case of a ponzi scheme, DKM Diamond Microfinance Company Limited promised to pay outrageously high interest for deposits but failed to not only live up to this pledge but also squandered depositers monies on the managers' personal businesses.

What began with DKM later engulfed several other microfinance operations like God is Love, Mckeown Microfinance Limited, City Trust, Ezi Access Microfinance, Agapet Micro-finance, First Unity Microfinance Limited and Golden Life Microfinance Limited.

God Is Love Microfinance company reportedly owes GH¢80 million whist Jarstar Motors and Investment owes GH¢90 million.

The impact of the crisis spread from the Brong Ahafo to the Upper West and Volta Regions where branches of these companies were cited. Several angry clients have rushed to court to obtain orders to sell off some of the companies' properties.

A financial crisis which began in 2015 was considered a security threat as demonstrations were held in places such as Sunyani, Nkoranza and in Berekum, towns in the Brong Ahafo Region.

But it has also escalated into a political sparring point ahead of the 2016 general elections.

Speaking to Joy News Evans Mensah on the socio-political show The Pulse on JOYNEWS channel on Multi TV, the NDC General Secretary said facts point to the NPP as being behind the crisis.

"If you open your eyes widely you will find out that it is likely they [NPP] have something to do with that DKM thing," he said.

"They are happy that somebody has extorted the money and they are congratulating the people who have extorted the money," he told Joy News Evans Mensah.

Even worse, the NPP has gone ahead to "reward" architects of the financial crisis with opportunities to enter parliament on the party's ticket, he said.
Citing examples, Mr Asiedu Nketia said the NPP parliamentary candidate for Kintampo South Alexander Gyan is a teacher and businessman who was the head of God is Love Fun club in Kintampo.

"Nana Addo has gone there to raise his [Alex Gyan] hand to say that he is a wonderful person," the popular NDC political strategist revealed.

He said the Fanteakwa North NPP Member of Parliament, Kwabena Amankwa Asiamah operated a rural bank which also went bust.