Give Us GH¢380m Locked Up Funds – Mine Workers
Mineworkers Demonstrating at the Ministry The Ghana Mineworkers’ Union (GMWU) of the Trades Union Congress (TUC-Ghana) has petitioned the Ministry of Finance and the Bank of Ghana (BoG) to Read More... The post Give Us GH¢380m Locked Up Funds – Mine Workers appeared first on DailyGuide Network .
A petition signed by the General Secretary of the Ghana Mineworkers’ Union (GMWU) has been delivered to the Ministry of Finance and the Bank of Ghana (BoG), urging them to release approximately GH¢380 million in funds belonging to over 19,000 mineworkers across the country. The funds, which include workers' provident fund contributions, welfare savings, personal investments, and severance packages, have been locked in distressed financial institutions.
The union's General Secretary, Abdul-Moomin Gbana, highlighted the funds' status as being out of the reach of thousands of mineworkers and their families, plunging them into financial difficulties. The affected institutions, such as The Seed Funds Savings & Loans Limited and JISLAH Financial Services Limited, have failed to honour payment requests, making it impossible for the fund manager, IGS Financial Services Limited, to settle claims owed to members.
The union warned that continued delays in releasing the funds could undermine public confidence in the nation's financial system.
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