Over 4,000 customers of Gold Coast Fund Management in the Western Region have threatened to embark on a demonstration in the capital, Sekondi Takoradi, over their locked-up deposits.
The customers, on Saturday, 30 March 2019, at a meeting at the forecourt of SSNIT House in Takoradi, where the company has a rented office space, decided to embark on the intended demonstration on Monday, 12 April 2019.
The aggrieved customers said they will petition the government through the Western Regional Minister to help them retrieve their locked-up funds.
Dr Papa Kwesi Nduom, Chairman of Groupe Nduom, owners of GN Bank (now GN Savings) and Gold Coast Fund Management, among a raft of other businesses, last year assured the customers that none of them will lose a pesewa and urged them to remain calm as the bank streamlined its activities to meet the demands of the clients.
“No customer of a Groupe Nduom financial institution has lost one pesewa in 25 years.
“By God’s Grace and our hard work, this will never happen!
“… We will demonstrate to GN Bank’s 1.2 million customers and Gold Coast Fund Management’s 800,000 customers that their funds are safe with us.
“We will show our customers that GN Bank has one of the lowest non-performing loan portfolios in Ghana, at less than 3%”, Dr Nduom said in a statement”.
Despite these assurances, the customers are still unable to retrieve their investments and the promised interest.