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Customers of the defunct Gold Coast Fund Management remain hopeful that the John Mahama administration will fulfill its promise to reimburse their locked-up investments.
The leadership of the aggrieved customers has initiated discussions with government officials to ensure the commitment is honored.
Following the financial sector cleanup, thousands of affected investors have faced difficulties recovering their funds, leading to severe financial hardships and business losses.
Speaking to Citi News, Charles Nyame, the convener for the Aggrieved Gold Coast Fund Customers, expressed confidence that their concerns have been addressed in the 2025 budget.
“We have had an extensive discussion with the government, trying to make them understand to make allocation in the 2025 budget, so that after the parliamentary approval, we can see the way forward. True to the discussion we had, there has been an allocation in the budget.
“But it’s quite unfortunate that people have not taken notice of it; there has been an allocation of legacy arrears, which is GHC10 billion allocated in the 2025 budget.
“When you look at the component of which this GHC10 billion is coming to offset, you realise that assets management companies whose licenses were revoked are part of the component. We will liaise with the government to see how they will raise the money and the timelines of payments,” Charles Nyame stated.
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