The Managers of the Gold Coast Fund Management (GCFM) says its, has so far, paid nearly GHC 60 million to aggrieved customers, and assured that the payment would continue.
“Management is mobilising funds to meet the needs of pensioners, urgent situations and settle arrears due from transactions processed last year,” it added.
In a statement, copied to the Ghana News Agency, in Accra, it also assured its customers about plans to prudently manage their investments, while working assiduously to redeem funds from ongoing projects and other companies it has placed funds with.
“Gold Coast Fund Management remains open for business, engages customers daily and is working with its regulator to find better solutions to meet the needs of its customers,” the statement issued by the Corporate Affairs Department said.
The assurance comes against the backdrop of threats by customers of the in the Ashanti Region to stage a demonstration within five days if the Government did not intervene to get their locked-up funds released to them.
It urged the customers to engage its representatives at [email protected].
The GCFM has 100,000 retail customers.
The Company last year said it was working to migrate its Structured Funds customers to alternative products, as the Securities and Exchange Commission had directed it to cease operating the scheme.
However, customers who would insist on withdrawing their funds would be settled in a three-year instalment payment plan from March, 2019.
Thanks for all your explanations. But one thing that I have to say is that, The GCF Managers have to fine a very good reason to sweets the customers by letting customers to know that the Bank will be paying each customer but this is how you going to do it at least you should came out and tell us for example: gh1000.00 in every two week’s or in a month, this is what we will be paying you depending on what the person has in his/ her account untill you clear all your customers. Because is not everyone who can read and write. Sorry to say, What about the poor people who can not read and write do with the Email address be giving to us?This is what I am suggesting so that you will plan very well.
Again, The changing of the office’s has been so alarming. Today you will go to this branch then they refer you to another branch and we go rounds till the small that you have with us got finished. Please kindly put on things in other to stop all this. Thank you.