FIRST ALLIED SAVINGS AND LOANS CUSTOMERS BLAME BoG
Some aggrieved customers of the First Allied Savings and Loans limited, a non-bank financial institution, have called on government to intervene for the company to release to them their monies saved with the company for years. The highly agitated customers have blamed the Bank of Ghana which is the licensing and supervisory authority of banks and financial institutions for the economic predicaments they are going through. At a media briefing in Kumasi today, Tue Sept 25 , the customers numbering more than one hundred, served notice to petition President Akufo-Addo, Head of government’s Economic Management Team, Dr. Mahamudu Bawumia, the Finance Minister and the Asantehene about the failure of the First Allied Savings and Loans Company to give back to them, their monies. One of the organizers of the Media encounter, Justice Acheampong Mensah, who claims to be an importer, said he has about 58 thousand Ghana Cedis of his money locked up with the financial inst...