Audio By Carbonatix
This morning, there was a “demonstration” not against the company people invested their monies with but against me, Papa Kwesi Nduom. And it is unfortunate. Gold Coast Funds Management (GCFM) now BlackShield accepted monies for investment as it had done successfully for 25 years. No one has lost their investment all these years.
The company has invested funds with good results and the customers have enjoyed good returns.
Unfortunately, one of the investments made has had challenges - the prefinancing of government infrastructure projects. Something that had been done successfully for 15 years and over that period about 14 billion Ghana cedis has been invested in schools, roads, bridges, sea defence and other important projects.
This is the area the company has faced challenges because the government agencies have not paid the contractors who now owe about ¢2.4 billion.
We have even gone to court to redeem some of these investments.
While we wait for the big monies to come in, we have been making payments to customers - direct cash and asset swaps now to the tune of over ¢200 million.
Every day our central office calls people and they are paid through the banks or Momo. I agree the pace is not fast as we all wish to cover everyone. But the company is making payments UNLIKE several investment and finance houses who are not able to do as we are doing.
So where from this “demonstration” and the attacks on me personally? To want to destroy the very businesses customers expect their monies to come from?
We will continue to make planned payments until everyone is satisfied. Yes, some are just doing politics with this no doubt. But we are serious about our business.
Everyone will be paid. Not everyone at once. But no one will lose their investment. As for the insults, too bad. But after all, this is the Ghana we are in.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Knights and Ladies of Marshall group backs Catholic Bishops’ stance on anti-LGBTQ+
13 minutes -
Bright Simons writes: All the Filla in the Ibrahim Mahama/E&P – Gold Fields Saga
38 minutes -
Monetise Idiocy In Ghana
45 minutes -
The Ghanaian prophet and the mysterious death of his scottish wife Charmain Speirs
2 hours -
Nearly 400 sentenced in Nigeria for links to militant Islamists
2 hours -
Ghana’s recovery supported by gold strength despite global oil price pressures – Standard Bank Research
2 hours -
‘Excellence is our inheritance’ – Nana Sam Brew-Butler hails Mfantsipim’s 150-year reign in leadership
2 hours -
Kwaku Azar writes: A-G vs OSP
3 hours -
Mfantsipim–Adisadel rivalry built excellence, not division – Sam Jonah
3 hours -
Vice President launches Mfantsipim’s 150 years of shaping Ghana’s greatest mind
3 hours -
I assure Otumfuo, Mahama will join him to commission KNUST Teaching Hospital by end of this year – Haruna Iddrisu
4 hours -
Barcelona dominate derby to extend La Liga lead
4 hours -
Gov’t to roll out free special education for persons with disabilities from July 1 – Education Minister
4 hours -
Importers and Exporters Association declares full support for Publican AI port system
5 hours -
“We used it to test our officiating officials’ readiness” – Bawah Fuseini after CAA Athletics event
5 hours