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Don’t use court case to deny us our funds – Gold Coast customers tell gov’t

Angel Online by Angel Online
November 29, 2023
in Features, Business, Latest News, Top Story
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Don’t use court case to deny us our funds – Gold Coast customers tell gov’t
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Aggrieved customers of defunct Gold Coast Securities have asked the Ministry of Finance to stop using government’s case with the company as an excuse not to refund their locked up funds.

The demand was made after the customers received the shock of their lives on Tuesday when they were told to go and coerce businessman cum politician, Dr Papa Kwesi Nduom to discontinue a suit he has filed against government for collapsing the company.

The Charles Nyame-led group has gone to picket at the ministry demanding that government pays their locked up funds at the collapsed securities company.

The aggrieved customers had claimed severally that the customers of the Gold Coast Securities which later became known as Black Shield are suffering greatly due to their inability to access their locked up funds.

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The two-day picketing is thus considered part of the numerous protests to getting government to release their locked up funds to them so they can use for various purposes.

However, a meeting with a Minister of State at the Finance Ministry, Muhammad Amin Adams was said not to have gone well with the protesters when the minister out of the blue allegedly requested that they rather persuade Dr Nduom to drop a suit against government.

“The Minister of state at the Finance Ministry said that we should come for assistance from the ministry and go and convince Dr Nduom to discontinue his suit against government and we wondered how that is possible…he said this in the presence of Director-General of the Securities and Exchange Commission, Ghana, Rev. Ogbarmey Tetteh…,” he alleged in an interview with Angelonline.com.gh.

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This webiste however could not independently confirmed this claims as calls to the minister could not go through. Angelonline.com.gh will present the minister’s side of the story when we finally reach him.

A shocked Charles Nyame said the Minister did not explain into detail the form of assistance that the ministry intends offering the aggrived customers of Gold Coast Securities.

“We are wondering why they want us to be the ones to convince Dr Nduom to drop a case he did not initiate against government…,” he quized.

Charles Nyame further claimed that the sector Minister, Ken Ofori-Atta has allegedly been dodging a meeting with them.

Tags: GhanaGold Coast Fund Management
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