9,000 Ghanaians saved from losing their investments with 3 Ponzi schemes

The Economic and Organised Crime Office (EOCO) in Ghana has saved more than 9,000 people from losing their investments with three financial institutions which were allegedly operating ‘Ponzi’ schemes.

The companies, Wealth Drive Ghana Limited, Global Coin Help Limited and TCL Market Ghana Limited, had pledged to pay interest rates of between 10 and 30 per cent to people who deposited their monies in the companies.

These companies have been arraigned for prosecution for operating without licenses.

The Executive Director of EOCO, Mr K. K. Amoah who made the revelation said that the troubled customers had agreed to a payment schedule with the companies to have their deposits refunded to them.

The agreed payment plan with the customers so far is strictly being adhered to.

Other microfinance companies have also defaulted in paying matured investments.

They are Ellis Micro Finance, Shine Micro Finance, Dwadifo Adamfo Micro Finance, Brisk Micro Finance, African Guarantee and Access Micro Finance.

Mr Amoah has warned Ghanaians to desist from investing with companies that promise huge profits on investments because most of them do not have the licenses to operate as such.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.