The Gold Coast Fund Management (GCFM) has paid almost GHC60 million to customers, President of the company, Dr. Papa Kwesi Nduom has disclosed.
Dr. Nduom also assured aggrieved customers of paying back their investment as the GCFM has plans in place to “redeem funds from ongoing projects and other companies it has placed funds with”.
His comments come at a time members of the Coalition of Aggrieved Customers of the GCFM in the Ashanti Region have threatened embark on a protest if their locked-up funds are not released.
According to the coalition, Dr. Nduom’s company has “deliberately decided to refuse to pay us back our fixed deposit investments which we have with them even though they said investments have matured since June last year and beyond.”
They accused Dr. Nduom of given their investments out as loans to GN Bank branches in Ghana and abroad which according to the coalition, amounts to conflict of interest.
Reacting to the statement from the coalition, President of the GCFM urged the customers to remain calm as the company is mobilizing funds to settle them.
“During this challenging period, the company has paid nearly 60 million Ghana Cedis to customers and this continues. With 100,000 retail customers, this investment company has assured customers about plans to prudently manage investments it has made and also what it is doing to redeem funds from ongoing projects and other companies it has placed funds with,” Dr. Nduom revealed in a Facebook post.
He said, “Gold Coast Fund Management remains open for business, engages customers daily and is working with its regulator to find better solutions to meet the needs of its customers. Even more important, Management is mobilizing funds to meet the needs of pensioners, urgent situations and settle arrears due from transactions processed last year.”
Below is the full Facebook post:
These are the facts:
2015 621,945,072.74
2016 609,894.95
2017 1,347,170,495.25
2018 1,430,522,135.99
What do these numbers mean? These are amounts not in old but new Ghana Cedis that Gold Coast Fund Management has paid back to its customers in recent years. During this challenging period, the company has paid nearly 60 million Ghana Cedis to customers and this continues. With 100,000 retail customers, this investment company has assured customers about plans to prudently manage investments it has made and also what it is doing to redeem funds from ongoing projects and other companies it has placed funds with. Gold Coast Fund Management remains open for business, engages customers daily and is working with its regulator to find better solutions to meet the needs of its customers. Even more important, Management is mobilizing funds to meet the needs of pensioners, urgent situations and settle arrears due from transactions processed last year.
These are the facts.
If you are a GCFM customer and you want answers, please contact: options@gcfmghana.com. A representative will respond to you and give you the facts.
By: Kekeli Kuatsenu/awakenewsonline.com