Angry customers at Nduom's Gold Coast put a face to Ghana's financial crisis

Angry customers at Nduom's Gold Coast put a face to Ghana's financial crisis

In the unending story of Ghana's crisis of financial institutions, angry customers of Gold Coast Fund Management have besieged the halls of the company's offices asking for their monies that have been locked for months.

The investment firm say they are working to release funds to aggrieved customers. But those who went to the company's branches say they have lost patience with the way fund managers continue to treat them over their investments.

The customers complain that they have not been able to access their investment since September 2018.

According to them, officials of the investment firm, a subsidiary of the GN Group owned by businessman and politician Paa Kwesi Nduom, last year promised them that they will be able to access their investments beginning March 1, 2019.

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From March 1 to March 5, 2019, customers have been trooping the premises of the investment firm for their money, but they always return home empty-handed.

The offices of the company have been locked, a reality opposite information and promise by the officials of the investment firm.

A woman Myjoyonline.com spoke to was quoted as saying: “I am an 84-year-old retired teacher, a pensioner who has invested my pension money for many years. I am very worried because they are not communicating to us."

She is among the many people, other pensioners and young investors who had been shuttling their homes and the firm’s office since Friday but have had no response.

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Earlier, YEN.com.gh also reported that Safaribet have refused to pay a cedi to Theophilus Morgan, a young man who won GHC 57 million on betting with the company, despite a warning from the Gaming Commission.

Morgan had petitioned the Gaming Commission, the body responsible for supervising the activities of all betting companies in Ghana, to intervene after Safaribet started stalling on payment.

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Source: Yen.com.gh

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