Aggrieved Gold Coast Fund Customers begin 48hr picket at Finance Ministry

Aggrieved customers of the now-defunct Gold Coast Fund Management company on Tuesday converged at the Finance Ministry to begin their 48-hour protest to demand the release of their locked-up funds. The defunct company, formerly known as Black Shield Capital Limited, had more than 55,000 customers whose investments were locked up when the government revoked its license.

The group said that the GH¢8.6 billion which was approved by Parliament to settle its members, has not yet been given to them, hence the protest.

Speaking to Citi News, a retiree said “I am here for my money. I retired long ago, and I just invested it thinking that I will use it for my retirement. Up till now, I don’t have anything. And I don’t think it is fair. We have worked for the government so many years. I retired 23 years ago, so what do you think I live on?”

“So we are just begging the government to give us our monies. According to them, they have given us GH¢8.6 billion. This has not been paid, and yet they are saying they have given it to us. I wouldn’t have come if I had been paid. So we are just pleading that our monies should be given to us at least to see me enjoy my old age.”

Yaw Kubere said “We are taking the money today. I will sit here till they give us the money. My grandpa cannot walk, do you want him to die? People have died because of this money. Because they are thinking but till now they have locked the money. See how much books cost now. We can take that money to pay school fees. My father said we should bring this money. If they don’t open the gate, we will break it.”

Source: Citinewsroom