Teary Michael Lamptey shares story of how his family’s GHC200K is locked up in Gold Coast Fund

Teary Michael Lamptey shares story of how his family’s GHC200K is locked up in Gold Coast Fund

- A man and his family have their GHC 200,000 locked up in Gold Coast Fund Management Limited

- Michael Lamptey shares his life changing storiesstory

- Our Manifesto: This is what YEN.com.gh believes in

A civil servant be name Michael Lamptey has narrated how he managed to convince members of his family to invest in Gold Coast Fund Management Limited.

He told Joy News he and four other family members have a total of GHC200,000 locked up in embattled investment company, Gold Coast Fund.

He said he invested GHC 40,000 in the finance house in 2016 and convinced four other family members to also invest in Gold Coast - his wife, mother, mother-in-law and brother-in-law.

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Lamptey said since they all started the investment, they have not gone for a penny.

The visibly pained man, narrated how the family has been struggling to get their monies from the company.

He noted that the current situation is affecting his family.

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Gold Coast Securities owe customers millions of Ghana Cedis in investment.

The Security and Exchange Commission (SEC) is currently working on a roadmap with the troubled investment company, Gold Coast Securities.

The Commission says the plan will enable the company to pay its customers their monies.

YEN.com.gh earlier reported that former president John Agyekum Kufuor has attributed the spread of Lesbian, Gay, Bisexual and Transgender (LGBT) activities in Ghana to financial hardships.

President Kufour noted population growth, coupled with the inability of the economy to sustain the living conditions of people had led to hardships, a situation that has compelled many to care more about survival instead of morality.

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Source: YEN.com.gh

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