FIRST ALLIED SAVINGS AND LOANS CUSTOMERS BLAME BoG

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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 institution for about four months now and that anytime he goes to the managers for his funds, they complain of no money. 'They have to pay my port charges for delaying clearing of my goods', he lamented

Narrating her story amidst tears, a 54-year old roving second hand cloth seller, Agnes Opoku, said the company has refused to give her, her savings of four thousand, 200 Ghana Cedis to undergo a scheduled medical surgery.  Another elderly woman, Madam Agyeiwaa, said her five thousand Ghana Cedis meant for her upkeep is also locked up.

A teacher, David Ahiagbor, complained that his four-month salary remains with the company thereby causing him severe economic hardship.

 Our follow up to the offices of the First Allied Savings and Loans limited at Asafo, a handful of other customers had already besieged the premises asking the officials to give them their savings. At the Head office of the company at Adum, Ashanti Today chanced on a number of highly agitated customers yelling and cursing the company’s officials for subjecting them to an unwarranted hardship. 

At both offices of the company, all the staff including those in management positions had locked themselves leaving the aggrieved customers who had managed to entered the banking halls frustrated. When contacted, the Public Relations Officer of the company, Jones Yeboah, who spoke through telephone, described the media briefing of the aggrieved customers as illegal since, according to him, the supposed organizers had used deceit to instigate the customers. Therefore, 'management of the company would not respond to an illegality', the PRO stressed.


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