Kakum bank crisis: Customers closing accounts

Business News of Friday, 27 February 2015

Source: myjoyonline.com

Kakum Rural Bank 1

Hundreds of clients of the biggest Rural Bank in the Central Region, Kakum Rural Bank have been left frustrated with many closing their accounts as a result of the current financial challenges facing the bank.

Joy Business has gathered that the bank’s finances have taken a nose-dive following the embezzlement of some monies which has led to the interdiction of the Managing Director, Samuel Tetteh Sackey and two other top managers.

Some workers who receive their salaries through the bank have been complaining of their inability to withdraw their funds in the last two months.

Customers who expressed their frustrations to Joy News said they were only allowed to withdraw part of their intended amounts. The situation has created a lot of inconveniences for them.

They have therefore decided to close their accounts.

“It has been very bad. You go to the bank, you’re sure your salary has been paid and you go and they only keep telling you to come tomorrow. For instance, as I speak, I haven’t taken my January salary yet because they wanted to give me GH?200 out of it and now they are promising to pay me the full amount at the end of the month but I still doubt it”, one salesman explained.

Another teacher said, “everyone else is in this problem; not only me but hundreds of us. It is a general problem. I haven’t gotten my money and neither are my colleagues”.

“Can you believe that I did not receive my salary for December until January? I spent the Christmas without money. I just want to know what is happening to the bank because my employer tells me my salary has been paid yet I can’t withdraw my money and they are not telling us anything,” another also lamented.

Attempts to get a response from the management of the bank have however proven futile.