Safeway Company limited has commenced production of fingerlings to facilitate payment of returns to its investors.
The company which is struggling to refund its customers is reported to have diversified its operations into an investment firm, real estate, and tilapia keeping, making it unable to pay its customers. Some investors of the company have in recent times besieged the premises of the company to demand their investments after the challenges.
Speaking to Citi Business News, the PRO of a new Management team, Mamah Martei assured that the company’s fingerlings will mature by the end of July for sale to repay the investors.
“We are doing fingerlings production alone and we have started. Fingerlings do not take much. It takes roughly between six to seven weeks,” he said.
He explained that the payment plan will, however, depend on the sale of the harvest. “The payment plan will be determined by the number of tons and what we will get within that lane. Currently, the investors have been ranked. They are over 14,000 people across Ghana.” he said. According to him, the company is making all efforts to increase its production to repay the investors whose funds have been locked up.
About 14,000 investors are reported to have had their monies running into millions of cedis, locked up in the company.
Source: citifmonline.com
