Mineworkers petition Bank of Ghana over GH¢380m locked-up funds

The Ghana Mineworkers’ Union (GMWU) has petitioned the Bank of Ghana (BoG) for the release of over GH¢380 million in locked-up funds belonging to more than 19,000 current and former mineworkers. The funds, managed by IGS Financial Services Limited, comprise various types of savings and investments that have remained trapped in distressed Specialised Deposit-Taking Institutions (SDIs) since October 31, 2025.

Abdul-Moomin Gbana, General Secretary of the Union, presented the petition to Mrs Jessie Jacintho, Head of Legal at the BoG, urging for the immediate resolution of the outstanding legacy issues and the full refund of all locked-up deposits. The GMWU has been engaging the BoG and other stakeholders on the matter since 2021, but the issue remains unresolved despite repeated assurances that financial-sector clean-up issues would be addressed.

Brief written by urgent.news from Ghana Business News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.