Aggrieved Gold Coast customers petition Mahama over GH¢3.6bn outstanding payments
Aggrieved customers of the defunct Gold Coast Fund Management have petitioned President John Dramani Mahama, demanding urgent intervention to ensure the payment of an estimated GH¢3.6 billion in outstanding funds owed to customers. The petition follows years of uncertainty and partial payments to thousands of customers whose investments were locked up following the collapse of […]
Customers of the defunct Gold Coast Fund Management have taken their grievances directly to President John Dramani Mahama, demanding that he intervene to settle an estimated GH¢3.6 billion in outstanding funds owed to them. Following the collapse of the fund management company, thousands of investors have faced years of uncertainty and partial payments, with the total amount owed exceeding GH¢5.5 billion.
Convenor of the aggrieved customers, Charles Nyame, presented the petition, stating that while some payments have been made over the past few years, the total amount owed remains substantial. He explained that an initial GH¢700 million was released in September 2024, with additional payments being made, but this does not equate to a full settlement.
Nyame emphasized that the customers are now seeking clarity on when and how the remaining funds will be paid, hoping for a long-term payment plan that will provide relief to those who have suffered financially due to the prolonged delay.
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