Gold Coast Fund Customers Halt Protests Pending Meeting With Finance Ministry

Aggrieved customers of the defunct Gold Coast Fund Management Company have temporarily suspended their protests pending a meeting with the Finance Ministry.

Convener of the group, Charles Nyame, explained that the decision to suspend the protest was made after a short meeting with the sector minister, Ken Ofori Atta.

The meeting has been scheduled for Thursday, October 12.

“We assured them that if by 1 p.m., we don’t hear anything, we will block the road. And this put them on their toes, and the minister quickly came to us. When we met with the minister, he pleaded with us that they had heard our concerns and grievances. And for that matter, they are ready to engage us to find a lasting solution to our problems.

“He pleaded that we withdraw our members and meet with them tomorrow at 12 p.m. We have agreed to suspend our protest pending the outcome of the meeting. We will bounce back with our protest if they refuse to engage us,” he said.

The protest, which commenced on October 10, 2023, is to demand their locked-up funds. The group went on to spend the night at the ministry to drum home their message.

According to the group, the Securities and Exchange Commission (SEC) has not paid its members whose funds were locked after picketing at their premises for three days in May 2023.

Also, all efforts to get their locked-up funds from the defunct Gold Coast Fund Management Company have proven futile.