Ghana’s mineworkers’ union has petitioned the Bank of Ghana to release more than 380 million cedis ($34.55 million), it says, that have remained frozen since the country’s financial-sector cleanup nearly a decade ago.
The Ghana Mine Workers’ Union delivered the petition to the central bank, demanding the return of funds belonging to more than 19,000 workers, including retirees, redundant employees, widows and dependants.
The funds include provident savings, welfare contributions and severance packages, according to the union. It said affected workers are struggling to meet basic expenses, including healthcare, education and housing costs.
Funds frozen since 2017
Ghana launched a sweeping financial-sector cleanup in August 2017 after regulators identified widespread insolvency and governance failures among financial institutions.
