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 […]
An estimated GH¢3.6 billion in outstanding funds owed to customers of the defunct Gold Coast Fund Management company has prompted a petition to President John Dramani Mahama. Convenor of the aggrieved customers, Charles Nyame, presented the petition on Tuesday, September 1. The total amount owed to affected customers was claimed to be more than GH¢5.5 billion, despite some partial payments made over the past few years.
In September 2024, an initial tranche of GH¢700 million was released, with subsequent payments also made to settle the government’s outstanding obligation. However, Nyame stressed that these payments should not be mistaken for a full settlement. He emphasized the need for clarity on when and how the remaining funds will be paid, highlighting the significant toll the prolonged delay has taken on the affected customers' living conditions.
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