Connect with us

Hi, what are you looking for?


Crisis At ASN Financial Services Deepens

Some customers of ASN Financial Services Limited say they are losing confidence in the central bank over its apparent lose of control over the financial system.

The customers who have been investing with the company for some time now are angry over the delays by management of the savings and loans company to pay their hard earned investments.

Management of ASN Financial Services, in April last year met over 1000 clients to explain reasons why customers cannot have access to monies they invested in the company, and subsequently pleaded with them to wait for a year before their investments would be refunded.

According to the customers, the said date after a year’s wait was April 30, 2018.

But when some customers arrived at the Madina Firestone office of the company on May 3, the place was under lock and key.

Nana Adu Nipah, one of the customers who invested over 5,000 cedis and was due to collect around 6, 600 is blaming the regulator, Bank of Ghana, for the crisis.

Meanwhile the company’s branch at the Adabraka was opened for business when TV3 news team visited the place.

Managing director of ASN, who would not go on record, admitted that the institution was facing some financial crisis, but assured customers of the safety of their funds.

Nonetheless, management of ASN are not sure of the payment plan for customers.

Meanwhile, the customers say they will not relent in using all possible means, including going to the court, to retrieve their funds.

This is not the first time customers have had to endure delays in the release of their investments owing to some irregularities.

Last year, for instance, customers of the defunct DKM microfinance were unable to retrieve huge sums of monies they invested in the company after the company was declared insolvent in 2015.

Join to receive daily email alerts of breaking news in Ghana. is your source for all Ghana News. Get the latest Ghana news, breaking news, sports, politics, entertainment and more about Ghana, Africa and beyond.

Trending Stories


A new COVID conspiracy theory is making the rounds, the theory is linking the ongoing global pandemic with the rollout of 5G communications networks....


Boris Johnson has been moved to intensive care after his condition worsened, Downing Street has said. The prime minister was admitted to St Thomas’...


Ghana’s President Nana Akufo-Addo has announced that the government will take care of water bills of all Ghanaians for the next 3 months. Addressing...


Ghana has confirmed nine additional COVID-19 cases; six from Greater Accra and three from Ashanti region. This brings the total confirmed cases to 214....


Northern Regional Minister Salifu Sa-eed has banned prostitution in Tamale with immediate effect. This comes after a Guinean national who tested positive for the...


Jacques Joaquim Yhombi-Opango, former president of the Republic of the Congo, has died after contracting coronavirus, his family said. Yhombi-Opango died in a Paris...


The Northern Regional Minister, Salifu Saeed, has confirmed that a coronavirus patient who was under quarantine in his region has fled the facility, leaving...


Sixteen persons have been arrested in Kasoa in the Central Region for failing to give tangible reasons why they were in town during the...


A video of a young man paying dearly for refusing to adhere to the directives of the president to remain indoors has emerged barely...


President Nana Akufo-Addo has earned massive praise from some prominent people around the world over list latest statement on the Coronavirus disease (COVID-19). President...


There are now more than 3,200 confirmed cases of coronavirus across the continent, with a number of African countries imposing a range of prevention...


The President for Institute of Liberty and Policy Innovation (ILAPI), Mr Peter Bismark, has stated that Ghana requires GH₡15 billion for 28 days’ total...

Copyright © 2020 GhanaStar Media Group. All rights reserved