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Ghana’s mineworkers are demanding the release of more than $34.5 million in savings frozen since the country’s financial-sector clean-up, warning that thousands of workers and their families continue to bear the cost of unresolved financial-sector failures.
The Ghana Mine Workers’ Union delivered a petition to the Bank of Ghana on 20 August 2026, seeking the release of more than 380 million cedis ($34.55 million) it says is owed to over 19,000 mineworkers. The funds comprise provident funds, welfare savings and severance packages that became trapped following reforms launched in August 2017 to address widespread insolvency and weak governance across the financial sector. The central bank revoked the licences of more than 400 financial institutions during the clean-up, which was completed in 2019.
According to the union, affected workers include retirees, redundant employees, widows and dependents who are struggling to meet healthcare, education and housing costs. General Secretary Abdul-Moomin Gbana said the union had refrained from demonstrations since 2021 while relying on repeated assurances from the central bank that the matter would be resolved.
The unresolved claims have also drawn attention from the International Monetary Fund, which flagged the legacy issues in its 2023 and 2024 country reports. The union is now threatening renewed industrial action and has called for meetings with the Governor of the Bank of Ghana and the Minister of Finance to seek a resolution. The Finance Ministry had not responded to requests for comment at the time of publication.
