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The aggrieved customers of Gold Coast Fund Management on November 28, 2023 demonstrated at the Finance Ministry in Accra.
According to the demonstrators, they’re seeking the release of their funds from the defunct company, which has been renamed Black Shield Fund Management.
Over 55,000 customers have their investments locked-up due to the government’s revocation of the company’s license.
A member of the group stated that “President Nana Akufo-Addo stated on the floor of Parliament that he has released their monies to Finance Minister Ken Ofori-Atta and Rev. Ogbamey Tetteh to pay their locked-up monies but they’ve not received them.”
He added that, “When we came here to picket two weeks ago, delegation from the Finance Ministry told us they will call us, but we never heard from them. Today, we came well prepared to sleep here till we get our monies, we (customers) came with our clothes, toothpaste, toothbrush, mats, our medicines, foods, sponges, towels and all the things we shall need during our stay because we ain’t going home.”
Another customer lamented that, “What I will eat with my children and grandchildren in this Christmas is a problem for me.”