- Customers of Gold Coast Fund Management are pushing for government intervention in retrieving their funds
- Due to this, they are embarking on protest in Accra from Obra Spot through the finance ministry to the Jubilee House to present a petition to government
- They want government to prosecute him and freeze his accounts over their locked up investments
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Thousands of customers whose millions of funds are locked up with Gold Coast Fund Management are pushing for government intervention in retrieving their funds.
The investment firm, which appears to be in liquidity crisis, has in the last year been struggling to pay its customers’ investments and interest on some, failing its payment obligations to customers and investors.
On the back of that, customers who form the Aggrieved Customers of Gold Coast Fund Management will today, October 15, embark on protest in Accra from Obra Spot through the finance ministry to the Jubilee House to present a petition to government.
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A statement issued by the group demanded the prosecution of the owner of the chairman of Groupe Nduom, mother company of the investment firm, Dr Papa Kwesi Nduom and the entire management of Gold Coast Fund.
Again, the group is demanding President Akufo-Addo sacks the head of the sector regulator, Securities and Exchange Commission, for allegedly looking on for their investments to go down the drain.
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In other news, the government has urged the public to report telecommunication companies that still charge them the 9% Communication Service Tax (CST).
Deputy minister for communications, George Andah, said all the telcos have been directed to stop the upfront deductions made on mobile credit top-ups by service users.
Andah said the CST which was increased from 6% to 9% earlier this year, must be implemented in the same manner as it is with the health insurance levy and the value-added tax.
READ ALSO: CST: Feel free to report telcos who deduct 9% tax upfront - Government
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