2019Budget: DKM claims totalled GHS502m; 79,708 of 99,858 paid – Ofori-Atta reveals

In addition to the clean-up exercise of the banking sector undertaken by the Bank of Ghana, the government has also taken steps to settle almost all claims of DKM customers, Finance Minister Ken Ofori-Atta has told parliament when he delivered the 2019 budget to parliament on Thursday, 15 November.

“Mr. Speaker, you would recall that DKM Diamond Microfinance Limited had its license revoked in February 2016 with considerable suffering imposed on depositors, without any meaningful response from the previous government.

“That has significantly changed.

“The official liquidator received 99,858 claims and the validated claims amounted to GHS502 million.

“I would like to inform the country that out of the 99,858 claims, 79,708 (80 per cent) have been settled and depositors have been paid.

“The government has set aside funds at the Bank of Ghana to pay the remaining 20 per cent of depositors upon validation.

“An additional 12,612 claims have been fully provided for, but the customers have not as yet been able to show proof of deposit.

“This means that 92 per cent of DKM claims from depositors have been paid or provided for.

“Depositors for the remaining 7,568 claims of above GHS10,000 are yet to reach agreement with the liquidators”, Mr Ofori-Atta said.