13.09.2019 Business & Finance

Pay Our Monies Or Face Our Wrath — Gold Coast Customers

By Joshua Kobby Smith
Pay Our Monies Or Face Our Wrath — Gold Coast Customers
LISTEN SEP 13, 2019

Some Concerned Customers of Gold Coast Fund Management (GCFM) are threatening a nationwide demonstration if their locked up funds are not refunded immediately.

According to the customers, they are unhappy with the inhumane and arrogant treatment given them by staffs of GCFM since September 2018.

Addressing the media at the Forecourt of Coconut Grove Hotel in Accra, convener of the group, Simon Ohene said "We are beginning to believe that Nduom, Government and SEC are in bed with each other to meet out this injustice to the vulnerable and the poor people in the country. People deposited monies and now cannot retrieve it."

He added after petitioning the Security and Exchange Commission (SEC) for over a year now it has yielded no positive results.

Scores of concerned customers of defunk GN Savings and Loans trooped to the various branches of the firm to demand immediate payment of their locked-up savings. These angry customers comprising up Retirees, businessmen, women and some government workers threatened that failure by management to hand over to their monies would cause more chaos.

He challenged the tripartite group to work hand-in-hand in ensuring that the customers are paid.

An aggrieved customer, Augustina Koranteng pleaded with the management of Gold Coast Fund Management (GCFM) to refund her GHc130,000 to enable her support her son who is studying in Spain.

She said "I signed up to GN Bank in April last year and in September, I was alerted, the contract has been terminated. Instead of refunding my money, I have been made to move up and down from one office to another but to no avail. I was even asked my 'TIN' number yet nothing."

Francis Dadzie Ashon, a concerned customer dared the management of the GCFM to refund all locked up or face the wrath of customer.

He said" Since most of our parents do not know how to save money, we convinced them to sign up to GN Savings and Loans now we regret taking such decisions. I wonder what is not making Group Nduom pay us?

"Our hearts are being tempered with. Someone who is dealing with customers goes to change his name and no one is taking legal actions. We went to SEC and it had to take us before SEC knew there had been a change of name."

Joshua Kobby Smith
Joshua Kobby Smith


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