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Berekum financial institutions chase after credit defulters amidst Covid 19.


                          Financial Institutions Chase Creditors amidst Covid-19.

Some financial institutions in Berekum are after a number of traders in groups of 6 or 10 that accessed loans from them. The traders have defaulted and are being chased in spite of the pandemic.

The traders invested the monies into their businesses which have yielded no results due to the covid-19 pandemic.
According to them, some agreed on weekly installment whiles other on monthly payment terms. They cried that, businesses have been hit hard by the Covid-19 pandemic yet, the financial institutions are chasing them for their monies.

One of the victims who spoke to Alrich24newsgh.com said the spread of Corona virus has been the major cause for not fulfilling their part of the agreement. She continued that the financial institutions are being inhumane by not reviewing the agreements.
President Akuffo-Addo in one of the nation's update on covid-19 announced soft loans for small and medium scale enterprises so why are the financial institutions worrying us in Berekum? One trader quizzed.
Restrictions on movements amongst other directives have halt trading activities. We are not allow to trade from one market to the other as done in the past. These are not normal times she added.

The traders through this medium are appealing to the President and Ministry of Finance including the two MP's Berekum East and West to intervene on their behalf as some financial institutions in Berekum are giving them sleepless nights.


Story by Opamago Paparichy, Berekum
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Comments

  1. UnknownApril 21, 2020 at 8:00 PM

    Please, sometimes be specific by mentioning names of those institutions to exonerate the ones who have understood the government policies.

    ReplyDelete

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