The alleged payment of monies owed customers of the defunct DKM Diamond microfinance company by the NPP government was not committed in the 2016 manifesto of the ruling party, Finance Minister-designate Ken Ofori-Atta has said. Even before the government settled in its first week of assuming office, aggrieved customers of DKM Financial Company Ltd, sent messages urging President Nana Addo Dankwa Akufo-Addo not to relent on his promise of getting their locked up investment refunded. Nana Akufo-Addo prior to the December 7 elections assured he’ll investigate the DKM scandal and to ensure that there would be total restoration to all affected in both scandals when he’s voted into power. But during his vetting by the Appointments Committee of parliament in Accra on January 20, Mr Ofori-Atta mentioned that the NPP did not capture the said payment in its manifesto. “It’s not in our manifesto to pay God is Love and DKM. I know that there are certain processes going on which I’m privy to…and then I think we are also introducing some protection of deposits which will go structurally to change that problem. “Ponzi schemes and schemes like that are as a result of when there is lack of legislation and also too [many] licences approved making it impossible for the regulatory authority to monitor and manage. “The central bank will need to strengthen the supervisory unit but clearly there are too many licences out there.”
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