‘Come for your locked up cash’ – Gold Coast to aggrieved customers

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A section of the customers on the street with their placards
A section of the customers on the street with their placards

Gold Coast Fund Management, now known as Blackshield Fund Management, has said customers are to come for their locked up funds, especially those with balances under GhC2000.

It said they should stop inciting their fellow customers to demonstrate against the company and rather encourage them to come for their cash or follow the terms of payment as outlines by the Fund managers.

“We have announced and are following a program of paying our customers, beginning with those with balances below GHS 2,000. We have also recently announced changes to our barter program that will allow customers to acquire brand new items such as generators, televisions, and motorcycles using investment balances. Payments are ongoing and will continue until every customer is satisfied. As we are able to collect our funds from those who owe us, the rate at which we can move to those with higher balances will increase.

“We are currently calling our customers with balances under 2,000 to confirm their mobile money or bank details and make arrangements to pay them. We are aware that members of the group have encouraged those receiving calls not to answer the phone and not to come for their money, arguing that these payments are a tactic to reduce their strength as a unified group. We wish to assure our customers that our phone calls are genuine and urge them to come for their money when contacted,” a statement by the company said Tuesday.

Scores of aggrieved customers of the struggling fund managers are set for a mammoth demonstration in Accra today, Tuesday to pile pressure on the company’s management to payback their locked up investments.

Gold Coast Security has struggled to maintain stability following the challenges its sister companies have had especially in the financial front. The GN savings and loan firm has been taken over by government for insolvency.

Its mother company Groupe Ndoum is stressed in winning public confidence in its operations.

Source: Daily Mail GH

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