National Youth Organizer of the Progressive People’s Party (PPP), Divine Nkrumah, has asked Ghanaians especially customers of Gold Coast Securities to blame Finance Minister Ken Ofori-Atta over the company’s inability to pay them.
The outspoken young politician said in a Facebook post said the refusal of the minister to pay all debt owed the company has made it difficult for the company to pay customers back their deposits.
‘’What the public needs to know is that Gold Coast is unable to pay Customers because gov’t machinery led by Ken Ofori-Atta is deliberately refusing to pay Gold Coast,’’ his post read.
Customers of the company have demanded for their locked up cash.
Some held demonstrations to protest delays in releasing their funds.
The company has stated that it is making efforts to resolve all outstanding issues.
The Economic and Organised Crimes Unit [EOCO] had begun investigations into the operations of fund managers, Gold Coast Securities after clients complained that they were struggling to retrieve their investments.
In May this year, Dr. Papa Kwesi Nduom, the CEO of the company, ordered Gold Coast Holding to proceed to court immediately to recover investment funds valued more than three billion Ghana Cedis from government agencies, contractors and other financial institutions.
Mr. Nkrumah in his post said the frustrations the company was through was as a result of the Finance Minister’s refusal to pay debts owed the company.
Read his full post below
It’s sad….Many people are dying because they can’t get their money from Gold Coast.
Others can’t pay rent, pay school fees, feed families, pay hospital bills etc…just because Gold Coast can’t pay.
What the public needs to know is that Gold Coast is unable to pay Customers because gov’t machinery led by Ken Ofori-Atta is deliberately refusing to pay Gold Coast.
So who is being wicked, imprudent and showing less concern for the plight of customers here? Is Ken Ofori-Atta’s Gov’t or Nduom’s Gold Coast? Asem s…