People have decided not to partake in the upcoming elections for obvious reasons— that is if the election is even feasible but the people of Ho are definitely not singing the song of the masses.
A cluster of investment clubs which gained credibility and prominence in 2014 and 2015 in the Volta Regional capital,Ho seem not to be delivering on the promises they made.
The clubs included Little Drop Investment Club, Prosperity and Good Health, Develop Winners, Royal Foundation, Global Lead, Royal Care, Jodeq, Clear Image Investment, Devine Rain among others.
Over 40,000 indignant individuals took to the streets to vent their dissatisfaction by way of demonstration.
Cladded in red,they waved high their placards indiscriminately.
According to the schemes, some persons who invested about GH¢380 and GH¢450 were promised returns of GH¢6000 and GH¢5000 after five months.
“They showed us photocopies of their certificates with the Coat of Arms on it and said their companies had been authorised by the Registrar General’s Department to operate,” a protestor, Maxwell Donku told Joy News Mawuli Yevu Agbi.
“It was about a year and a half ago when this network groups came to Ho promising to give us GHC6,000 after 5 months when we invest GHC380. The early investors had their returns. But till date payment has stalled. The operators of these network groups have run away with our monies, now we are suffering to pay back our loans and feed our families. We are pleading with the government to help retrieve our monies for us,” Ellen Ahima wailed.
The leader of the group, Maxwell Donku said, “our findings have revealed that these network companies were duly registered with government hence government must step in to help retrieve their monies else they would be forced to boycott the upcoming general elections.”
According to the customers, the companies began closing their branches in Ho after several residents had made deposits.
The Brong Ahafo, Upper East and West regions were rocked with similar scams after God Is Love Fun Club, Jastar Motors and investments Company Limited, and others held the deposits of their customers ‘hostage’ for several months due to the closure of their companies by the Bank of Ghana (BoG).