Some aggrieved customers of Paa Kwesi Nduom’s investment company, Gold Coast Fund Management are threatening to demonstrate on January 7,
The customers, have petitioned the Securities and Exchange Commission, the Bank of Ghana and the Presidency over their locked up funds.
The group, the Concerned Gold Coast Fund Management Customers, is unhappy, managers of the company have refused to pay them their monies since June this year.
They are also accusing the managers of issuing fake cheques and appealing to government to take over the company so they can access their funds.
The leader of the Concerned Gold Coast Fund Management Customers, David Ampoful said managers of the company have refused to answer questions on why their investments keep delaying.
“They have found a way to dupe us. They have defrauded us. It is a calculated attempt to steal our money from us,” David Ampoful alleged.
The group is also appealing to the Securities and Exchange Commission to close down and take over the business of Gold Coast and its affiliate companies wherein monies from Gold Coast have been invested in the affected companies.
The leaders also demanded that the Bank of Ghana take over GN Bank as a failed bank immediately to secure depositors funds.
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They claim the GN Bank has for about 16 weeks now been unable to service minimum customers’ withdrawals as low as GHS90 at its various branches across Ghana.
“We are a group of over 12, 000 members and we demand the immediate payment of our deposits and Capital investments and the interest thereof. We also demand that current government Treasury bill rate be applied to all payments from the date of maturity,”Mr. Ampoful added.
