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DKM customers directed to Registrar-General’s Department

"The Registrar-General’s Department under the Ministry of Justice has stated that the department is the only body handling the liquidation processes of embattled microfinance company DKM. "

Source: GHR1/Citifmonline

Posted on : Thu 21 Apr 2016

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The Registrar-General’s Department under the Ministry of Justice has stated that the department is the only body handling the liquidation processes of embattled microfinance company DKM.

According to a press statement released by the department, customers of DKM must contact the regional offices of the department in the Greater Accra region, Western region, Brong Ahafo region, Northern region, Upper East region, and the Upper West region with valid and authentic documents of the debt owed them.

The statement further debunked some information on social media, that Mrs.

Jemima Oware is personally responsible for the liquidation process, and clarified that it is the department that has been engaged by the Bank of Ghana to handle the liquidation.

“Depositors must note again that Mrs. Jemima Oware is not personally liquidating the company in her capacity, but the Registrar-General’s as the official liquidator, was appointed by the Bank of Ghana to liquidate the company, pursuant to petition submitted to the Registrar-General’s Department by the BoG so to act”, the statement said.

A number of Ghanaians, in the Brong Ahafo region and the Northern region lost millions of cedis after DKM run into financial challenges.

The company was alleged to have invested about GH?77 million of its customers’ deposits in its subsidiary companies – DKM Airlines Company, DKM Fuel Station, DKM Transport, DKM Shea Butter Company and DKM Mining Company, among others.

Millions of cash deposited by the customers were locked up, following the BoG’s move in 2015 to stop the company, including others from operating due to their violations of the microfinance regulations.

Dr. Henry Kofi Wampah, former Governor of the BoG, at the time explained that the Central Bank could not be blamed. However, President John Mahama blamed the BoG for the debacle that hit the sector.

DKM Financial Services is a micro-finance company with its head office in Sunyani, with six branches in Wenchi, Techiman, Bolgatanga, Wa, Berekum, and Nkoranza.

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