Customers of the collapsed Gold Coast Fund Management have expressed optimism regarding President Mahama’s promise to repay their locked-up investments.
According to their leadership, discussions have already begun with the government to fast-track the implementation of this commitment.
Following the financial sector clean-up, thousands of affected investors have struggled to recover their funds, with many facing severe financial difficulties and business losses.
Speaking to Citi News, as monitored by GhanaWeb Business, the convener for the aggrieved customers, Charles Nyame, expressed confidence that their concerns have been addressed in the 2025 budget.
“We have had extensive discussions with the government, emphasising the need for an allocation in the 2025 budget so that after parliamentary approval, we can determine the way forward. True to our discussions, an allocation has been made in the budget.
“But it’s quite unfortunate that many people have not taken notice of it. There has been an allocation for legacy arrears, with GH¢10 billion set aside in the 2025 budget.
“When you examine the components covered by this GH¢10 billion, you’ll realize that asset management companies whose licenses were revoked are included. We will liaise with the government to understand how the funds will be raised and the timeline for payments,” he said.
Source: www.ghanaweb.com
