Lenders ditch courts to pursue debtors in shrines

Lenders have settled on an alternative system to retrieve money as they claim the court system has failed them.

Consequently, lenders in the Ashaiman Municipality in the Greater Accra Region, has gathered, have resorted to pursuing debtors at various shrines across the country.

This trend was revealed in an annual report by Mediators at the Alternative Dispute Resolution (ADR) Centre at Ashaiman.

According to them, “many are those who said they would not go to the court again but adopt the alternative method by going to the shrine to retrieve their monies or invoke the power of smaller gods on other parties to make themselves satisfied.”

They argued that some lenders who were referred to the courts from the ADR Centre reported that after going through all the needed court procedures and hearing, their monies were not retrieved.

“Some also complain bitterly due to the expenses incurred as filing fees and other fees which had been collected and yet they were not able to recover their monies for them.”

They are however calling on government to review debt recovery laws as the current court system makes it difficult to retrieve monies from debtors who had no assets to be auctioned.

The ADR Centre received 251 debts cases in 2017, showing a reduction in cases of over the 314 handed in 2016.

They revealed that debt recovery cases had been a severe problem for the Centre since its inception because some of the debtors used loans they contract on funerals and other unproductive ventures.

The high-interest rate on loans was also seen as a key factor for defaulters in repayments, while micro-finance operators also defaulted in paying contributors after their agents abscond.


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