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Business News of Wednesday, 16 September 2015

Source: GNA

BoG lifts moratorium on DKM micro finance

DKM Diamond Micro-Finance DKM Diamond Micro-Finance

The Bank of Ghana (BoG) has lifted the moratorium its placed on the DKM Diamond Micro-Finance Limited, a savings company in the Sunyani Municipality, early this year.

According to Management of the company, it would re-start operations in September 22, and entreated customers to exercise patients, as it devise strategies to pay them their cash deposits and interests.

At a news conference in Sunyani on Monday, Dr Martin Dery, the Chief Executive Officer of DKM, said the company appreciates the relentless efforts of security agencies for their diverse support during the suspension.

He expressed the commitment of the company to strictly adhere to all regulations governing non-banking institutions in the country, and emphasised its readiness to duly implement all recommendations from the BoG.

Dr Dery apologised to customers of the company, and appealed to them to develop and strengthen the interest in transacting business with the financial institution.

It would be recalled that about four months ago, the Financial Intelligence Centre, Ghana, an anti-money laundering organisation, under the BoG froze the company’s account.

According to the Centre, the company was operating contrary to the approved regulations of the BoG.