Hundreds of aggrieved customers of Gold Coast Fund Management on Tuesday demonstrated in Accra to demand the retrieval of their locked up investments.
This is just one of the many protests that have hit the company in recent times.
Gold Coast Fund Management, a member of Groupe Nduom, has struggled just like defunct GN Bank, which was downgraded to a Savings and Loans before its licensed was finally withdrawn by the Bank of Ghana.
Today’s demonstrators were clad in the usual red and black attires with red head and arm bands.
They also held placards with various inscriptions such “Dr. Nduom, bring back the money of pensioners”and “Mr President, pensioners and the disabled are dying”.
Some of them spoke to Citi News explaining why they took part in the demonstration.
“We are here to press home our demands for our funds. Infact we are not happy with what is happening…some financial houses were closed but their monies were given to them. Gold Coast Fund has been struggling for almost a year now but nothing has been said to customers. We do not know our faith. We need the government to come out and go straight to the point,” an aggrieved customer said.
Another unhappy customer said; “We are demonstrating to press home our demands for the government to make an intervention regarding our locked-up funds because it is by his financial cleanup exercise that has created this whole situation.”
“It is the government that has caused this mess. We were expecting the Securities and Exchanges Commission to intervene but they have failed to do so. 2020 is just around the corner, we will make sure we show the government the exit if they fail to intervene,” one other customer complained.