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Mahama petitioned over Ghc72b investment gone wrong 

John Mahama

Aggrieved customers of some financial investment companies in the Brong-Ahafo region have petitioned President John Dramani Mahama to intervene for the companies to release their deposits to them.

According to the customers, their total deposits in the five financial investments companies amounted to about GHC72 billion.

The companies are Jastar Motors investment, God is Love fun club, Perfect Edge Business Group, Prime Innovation fun club, and Little Drop helping hand.

Mr John Arthur Mensah, Spokesman for the customers, made up of traders, teachers and artisans, presented the petition to Mrs Dora Tamea, the Jaman South District Chief Executive to be forwarded to the President.

According to the petition, the companies collected monies from the customers for investment, with a promise to pay them the principal with interest, ranging between 60 per cent and 70 per cent.

It added that, the companies were operating until the Bank of Ghana froze their accounts.

The petitioners noted that, their monies were locked up and businesses were collapsing. They are also unable to provide for their children’s educational needs.

They indicated that divorce and death rates were also high, whilst the farmers among them were unable to finance their farm inputs.

Mrs Dora Tamea, the Jaman South District Chief Executive, advised the customers to be patient and promised to forward the petition to the Brong-Ahafo Regional Coordinating Council.

The customers earlier embarked on a peaceful demonstration to protest against what they described as “the unwillingness of the companies to pay back their monies.”

Clad in black and red armbands, the demonstrators numbering about 200 held placards with inscriptions such as “President Mahama intervene for your people”, “We need you president”, and “we are fed up with Bank of Ghana”.

Amidst tight security, the protesters paraded through some main streets of the district capital and later converged at the premises of the main Drobo police station.

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