{
  "id": 2169730,
  "title": "Mineworkers demand GH¢380m locked-up funds, threaten industrial action",
  "url": "https://urgent.news/2026/08/20/mineworkers-demand-gh-380m-locked-up-funds-threaten-industrial-action",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-20T16:00:31.000Z",
  "source": {
    "name": "Adom Online",
    "slug": "adom-online",
    "url": "https://www.adomonline.com/mineworkers-demand-gh%c2%a2380m-locked-up-funds-threaten-industrial-action/"
  },
  "original_language": "en",
  "account": "The Ghana Mineworkers’ Union (GMWU) has urged the Finance Minister to step in and recover over GH¢380 million held by more than 19,000 mineworkers in distressed financial institutions. This locked-up money, comprising Provident Funds, Welfare Funds, Leave Savings, personal investments, and severance benefits, is causing severe strain on affected workers, potentially leading to demonstrations and industrial action within the mining sector. In an appeal dated August 20, 2026, the GMWU demanded urgent intervention to settle outstanding claims involving Funds Savings & Loans Limited and Jislah Financial Services Limited. The union claims these funds became inaccessible after the Bank of Ghana's financial sector clean-up in 2021. Despite numerous meetings with the central bank since 2021, no definitive solution has been found. The union’s attempts to meet with the Bank of Ghana Governor also fell through. Workers are now facing significant difficulties, particularly retirees and unemployed individuals relying on their savings for basic expenses. The GMWU expressed concern over recent statements by the Finance Minister indicating that the Bank of Ghana should recover assets from distressed institutions and distribute the proceeds to depositors. The union also criticized the government's lack of plans to recapitalise savings and loans companies, calling this stance inconsistent with earlier promises. The GMWU warned that mounting worker frustration could lead to industrial action, jeopardising industrial harmony, economic stability, and government revenue.",
  "summary": "The Ghana Mineworkers’ Union (GMWU) of the Trades Union Congress (TUC) has appealed to the Finance Minister to intervene in the recovery of more than GH¢380 million belonging to over 19,000 mineworkers whose funds remain trapped in distressed financial institutions. The union says the prolonged delay in accessing the money is putting increasing pressure on […]",
  "key_points": [
    "Ghana Mineworkers Union demands GH¢380m from Finance Minister.",
    "Funds locked in Funds Savings & Loans, Jislah Financial Services.",
    "Industrial action threatened if demands unmet."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}