Home News Where's Our Money? DKM's Angry Depositors Cry Out To Akufo-Addo.

Where’s Our Money? DKM’s Angry Depositors Cry Out To Akufo-Addo.


The Coalition of Affected DKM Customers has open a letter to the president of the republic of Ghana – in a matters of 100% payment of their lock up fund which the president promised.

In the fourth State of the Nation Address on Thursday 20 February, 2020, vice president, Dr Alhaji Mahamadu Bawumia said his Government has made arrangements to pay all depositors of failed financial institutions, including DKM.

His Excellency, Vice President of the Republic of Ghana, Dr. Alhaji Mahamadu Bawumia, made an announced in his fourth State of the Nation Address that his Government has made available an extra GH¢5 Billion to pay affected depositors of failed financial institutions “a 100% of their deposits”.

The payments will be done once the process to validate all the claims is completed, the President said.

In a surprise move, the President also said that depositors affected by the demise of DKM, a microfinance company whose failure was registered under the previous administration, will be paid in full after the validation of their claims

Read the full Statement Below;


Your Excellency – President of this great republic, we wish to be welcomed into your home this morning just for a hearing.

We are the coalition of affected DKM customers whose plight you sort to redress during your last State of the Nations Address on 20th February, 2020. We had until then relied on the hope of your campaign promise to ensure all monies are duly paid to us.

This hope grew bleak until your able Vice President, Dr. Alhaji Mahamudu Bawumia in his Town Hall meeting at KNUST in Kumasi on Tuesday, February 11, 2020; publicly assured the whole nation that, customers of the defunct Micro- Finance Institutions including DKM shall receive all of their principals.

Again, our skepticism dried up when your venerable self, assured the Chiefs (Nananom) and people of the Bono East Traditional Council of full payment of the principals of the affected DKM customers.
Fast forward, February 20th, 2020 you nailed home our hope in your State of the Nation’s Address; even more when you directed the finance minister to release funds to this effect.

But Your Excellency, up until today, they have not carried out your directive. We contacted the office of the liquidator for the DKM, Mrs. Jemima Oware and she said no monies are released to her for such a purpose. However, Your Excellency, Mr. Eric Nipa is on record to have received the said amount you directed should be used to pay all the micro-finance companies including DKM.
We find it worrying why he cannot release the quota the liquidator would need to pay us the affected customers of defunct DKM micro- finance.
We have reached out to the authorities in this regard but nothing has come out and as the commander in chief of this republic, we find it apt to draw your attention to this development.

Your Excellency, we have incessantly suffered the difficulty this DKM fall-out left us with since May 11, 2015. Out business have collapsed, we lost our loved ones who died from the shock and pain of losing their lifetime investments and saying.

We are not slapped by only this but also, the brats of the Covid-19 pandemic. You can imagine how deep our wounds are now.
We pray you kindly direct the authorities to expedite action towards payment just as you promised.

Thank you, Your Excellency.


Dr Alhaji Mahamadu Bawumia.
Vice President, Ghana

Hon. Ken Ofori – Atta
Finance Minister – Ghana

Mr Ernest Kwamina Yedu Addison
Governor, Central Bank Of Ghana.

Mrs. Jemima Oware
Official Liquidator / Register General Ghana

Mr. Eric Nipa
Receiver, PWC.


Secretary of DKM Aggrieved Customers
Nana Kwabena Yiadom



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