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Catholic Bishops, National Chief Imam must intervene – Aggrieved customers of Gold Coast Fund

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Catholic Bishops, National Chief Imam must intervene – Aggrieved customers of Gold Coast Fund

Customers of the defunct  Coast Fund Management have appealed to the  Catholic Bishop Conference and the National  to intervene and ensure that the government pays them their locked-up funds.

This was after the customers said they had not received any ‘fruitful’ response from the .

Speaking on the Ghana  show on TV3 on Tuesday, November 29, Charles Nyame, spokesperson for the  said when asked whether they have had a response from the Ministry “we have but not fruitful. Not fruitful in the sense that we were called by the Finance Ministry and met the Honorable Mohammed Amin Adam,  of States at the Finance Ministry for an engagement.

“In that meeting, all that he asked us to do was to accept assistance from them so that we the customers will go after the  shareholders, Dr Papa Kwasi  and the others, so that they will leave the court.

“If they leave the court they will pay us our  but it is unheard of because the Gold Coast Fund Management, as far as the liquidation order is concerned, it was the government that filed the liquidation case against  Gold Coast Fund Management to liquidate assets of the company. This is purely a litigation process. Gold Coast Fund Management is putting out defense legally and we don’t know how we can go after them.

“All that they are saying is that unless we go after them will not disburse the parliamentary approved bailout that is meant for us payment. we don’t know what to do now that is why we are calling on civil society, Catholic Bishops and the Chief Imam to all come in.”

The customers who have been picketing at the Finance Ministry are seeking the release of their funds from the defunct company, which has been renamed Black Shield Fund Management.

Over 55,000 customers have their investments locked-up due to the government’s revocation of the company’s license.

Catholic Bishops, National Chief Imam must intervene – Aggrieved customers of Gold Coast Fund

An aggrieved customer

A member of the group stated that “President Nana  stated on the floor of  that he has released their monies to  Ken Ofori- Atta and Rev.  Ogbamey Tetteh to pay their locked-up monies but they’ve not received them.”

Catholic Bishops, National Chief Imam must intervene – Aggrieved customers of Gold Coast Fund

He added that, “When we came here to picket two weeks ago, delegation from the Finance Ministry told us they will call us, but we never heard from them. Today, we came well prepared to sleep here till we get our monies, we (customers) came with our clothes, toothpaste, toothbrush, mats, our medicines, foods, sponges, towels and all the things we shall need during our stay because we ain’t going home.”

Catholic Bishops, National Chief Imam must intervene – Aggrieved customers of Gold Coast Fund
A section of the customers

Another customer lamented that, “What I will eat with my  and grandchildren in this  is a problem for me.”

Source: 3news.com|ghana

Jeorge Wilson Kingson is the Managing Editor of ArtCraft Media Consult (Publishers of GhanaNewsOnline.com.gh and BusinessweekGhana.com), and a consulting Editor for The Corporate Guardian Magazine. He is the Chairman of the Media Alliance in Tobacco Control and Health (MATCOH). He is also the National Coordinator for the International Standards Journalism Association (ISJA) and the National Online Newsportals Coordinator for the Private Newspaper and Online Newsportals Publishers Association of Ghana (PRINPAG). He is a senior member of Ghana's Parliamentary Press Corps. He is the ACS Global Cancer Ambassador for Ghana and a Peace Advocate

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