Aggrieved customers of Gold Coast Fund Management are urging the government to accelerate the release of the remaining funds from the GH¢1.5 billion bailout package.
This appeal follows Finance Minister Dr. Amin Adam’s announcement that GH¢700 million has been released to customers with funds locked in various fund management companies.
Dr. Adam confirmed that this disbursement is part of the GH¢1.5 billion bailout approved by the Cabinet.
In an interview with Eyewitness News on August 29, Charles Nyame, the Convenor for the aggrieved Gold Coast Fund Management customers, voiced concerns about the timing of the remaining disbursements.
“We are pleading with the government if they are going to release this GH¢1.5 billion in three tranches and they have instructed the Controller and Accountant General Department to release GH¢700 million to the Securities and Exchange Commission, we are asking that when are the other two tranches; the second and the third tranches going to be released.
Because as we are talking, we are moving into an election and we don’t know how the outcome of the election will go.
“We know, we are in this country when a new government takes over, it is difficult for the government to continue whatever the previous government is doing.
So, we are pleased with the finance ministry, at least for this GH¢1.5billion that has been allocated to reduce the stress and suffering of customers, should be released as soon as possible before we get to December 7,” he stated.
