Minister Assures Victims Of Micro Finance Scam Of Police Intervention

Volta Regional Minister Helen Ntoso has assured victims of a micro finance scam in the Volta region that the police will be alerted to arrest and the perpetrators.

Thursday, some residents of the region who invested into supposed micro finance schemes took to the streets in Ho to demand refund of their monies from the entities which are said to have gone into hibernation for more than a year.

The victims are also calling on government to assist them recover their investments, since the entities were duly registered.

The schemes, which gained prominence between 2014 and 2015 and operated by groups such as Little Drops Investment Club, Prosperity and Good Health Club, Clear Image Investment, Royal Care and JODEQ Network among others, promised clients huge returns on their investments.

For instance, persons who invested at least 380 to 450 cedis with Little Drop and Prosperity Clubs, were promised returns of GH¢6,000 and GH¢5,000 in an average of 5 months.

Though some early investors recouped their promised returns, several hundreds of them still have their investments locked up with the groups.

This comes a few months after a major micro finance scam hit the country in the Brong Ahafo region.

The Volta regional Minister speaking on GBC’s “Behind The News,” called on residents to be wary of such unscrupulous investments.

Meanwhile, one of the victims of the micro finance scam in the Volta Region, Eric Asare, shared his story with Radio Ghana. 

According to him, he invested GH¢450 along with ten others into the scheme.

GBC