Aggrieved Customers of Defunct Gold Coast Fund Management Issue Ultimatum to Government
Aggrieved customers of the defunct Gold Coast Fund Management have issued a stern ultimatum to the government, demanding the release of their locked-up funds.
In a press conference held in Kumasi, the group conveyed their frustration over the prolonged delay in receiving their investments, which have been inaccessible since the revocation of the company’s license by the Securities and Exchange Commission (SEC) in November 2019.
With over 50,000 customers affected by the closure of the company, the aggrieved individuals have set a deadline of June 30, 2024, for the government to address their concerns and facilitate the release of their funds. Despite assurances following the license revocation, the customers lamented the government’s failure to fulfill its promise, leaving them in financial distress for nearly five years.
“Our heart aches with every passing day. Five years of staring at empty plates, wondering how to pay for the medications our loved ones desperately need. We trusted the system, invested our hard-earned money for a secured future, but here we are, only to be cast aside like a dead news of yesterday,” expressed Charles Nyame, the convener of the group.
The customers emphasized that their patience has worn thin, and they demand the return of every single cedi, along with interest that reflects the years of financial hardship and shattered dreams. They underscored the gravity of their plight and stressed the urgent need for restitution to mend the gaping hole in their lives.
Furthermore, the group highlighted the significant impact of the unresolved issue on their voting decisions, stating that their choice in the upcoming presidential election on December 7 will be influenced by the government’s response to their demands. They declared their intention to voice their discontent through their votes, signaling a shift towards opposition if their grievances remain unaddressed before the specified deadline.
“This election season, our vote won’t be a choice, it will be a scream. A scream born from the depths of despair, fueled by years of neglect. We would not be silenced by apathy anymore. We will be an opposition party to the ruling New Patriotic Party government if our demands are not met before the deadline,” the group asserted passionately.
As the deadline approaches, the pressure mounts on the government to take decisive action and fulfill its commitment to the aggrieved customers, ensuring justice and alleviating their prolonged suffering caused by the financial turmoil stemming from the Gold Coast Fund Management debacle.