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Angry customers of Gold Coast Fund Management petition presidency

By Mutala Yakubu
 Gold Coast Fund Management
Angry customers of Gold Coast Fund Management petition presidency

Some angry customers of investment company, Gold Coast Fund Management have petitioned the presidency over their locked up cash.



The customers have threatened to demonstrate on January 7, 2019, to demand payment of their funds.

The customers, yesterday December 21, 2018, petitioned the Securities and Exchange Commission, the Bank of Ghana and the Presidency over their locked up funds.

The aggrieved customers who are the Concerned Gold Coast Fund Management Customers are unhappy that the managers of the company have failed to pay their monies since June this year.

They are also accusing the managers of issuing fake cheques and appealing to government to take over the company so they can access their funds.

The leader of the Concerned Gold Coast Fund Management Customers, David Ampoful said managers of the company have refused to answer questions on why their investments keep delaying.

“They have found a way to dupe us. They have defrauded us. It is a calculated attempt to steal our money from us,” David Ampoful alleged.

The group is also appealing to the Securities and Exchange Commission to close down and take over the business of Gold Coast and its affiliate companies wherein monies from Gold Coast have been invested in the affected companies.
The leaders also demanded that the Bank of Ghana take over GN Bank as a failed bank immediately to secure depositors funds.

They claim the GN Bank has for about 16 weeks now been unable to service minimum customers’ withdrawals as low as GHS90 at its various branches across Ghana.

“We are a group of over 12, 000 members and we demand the immediate payment of our deposits and Capital investments and the interest thereof. We also demand that current government Treasury bill rate be applied to all payments from the date of maturity,”Mr. Ampoful added.

Gold coast Fund Management has been in the news for months now as customer that the cannot access their funds.  It is one of the companies that is facing crises in the financial sector.