Gov’t is paying us because Mahama promised to – Collapsed Microfinance Institutions

The Executive Director of the Ghana Microfinance Network (GHAMFIN), Yaw Gyamfi has said that government’s decision to pay their customers locked funds was triggered by the promise  opposition National Democratic Congress (NDC) made to pay them when voted into power in December 7.

Speaking in an interview on Starr FM, Mr Gyamfi disclosed that there may be several factors that have ginger the Nana Addo-led government to pay their customers but to him, he thinks the promise from former President John Mahama is a major factor.

He said, “It could be that the government is responding to our letters and the many calls, and it could also be because of what our former President said and the time at which he said it. But it could be a mixture of all these things.”

Government yesterday, announced that it had released an amount of GH¢3.5 billion to take care of the payment of all depositors of banks and microfinance which were collapsed.