Another face of the ongoing financial crisis in Ghana, Ama Adobea, has told her sad story of how her locked up cash at Goldman Savings and Loans means that she and her children now have to live in an uncompleted building.
Adobea, in a recent interview with Joy News, said that she now has to beg for food to feed herself and her three children. As things stand in March 2019, there is no iota of hope in recovering her investments.
In November 2018, the Bank of Ghana (BoG) revealed that more than 200 microfinance institutions, as well as savings and loans companies, were distressed.
Of the thousands who have been left in inconvenient places from the mismanagement by financial institutions, Ama Adobea's story seems like a symptom.
Adobea says she was sacked from her rented apartment because she failed to pay up on the accommodation. For sometime, she was homeless until she found an uncompleted building in which to squat with her kids.
Adobea and her husband had saved up to GHC 2000 and invested with Goldman. But the company has since failed to pay back return on investments and even the initial sum.
Latest reports have it that Goldman, founded on very weak grounds, has gone bankrupt.
This situation has left many customers of these financial institutions in a difficult situation.
Meanwhile, a few officials of Goldman Savings and Loans say, though the company is facing liquidity challenges, they were working to help pay back Adobea's money.
In the meantime, Adobea says she and her family are just getting by. Their hope is that they get their money back but that hope is failing as fast as it can go.
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