DKM microfinance according to an audit report from the bank of Ghana shows the managers of DKM microfinance invested depositors’ money totalling GH¢113 million in their personal businesses. According to reports the company raised Ghc 113 million from deposits but were left with Ghc 10.7m after the audit.
Investing depositors’ funds in the managers' personal businesses is in clear breach of the central bank’s regulations.
Due to this mismanagement of the company the sunyani based microfinance is unable to pay the customers back their monies.Agitations to pressurise the company to pay back the monies started September 2015, but DKM has been unable to raise the funds as directed by the Bank of Ghana.
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