Aggrieved customers of Goldman Capital Investment in the Tarkwa-Nsuaem Municipality have threatened to hit the streets over their locked up investments. 

The customers have given the government two weeks ultimatum to address concerns regarding the payment of their locked-up investments by the Receiver, Eric Nipa after the revocation of the license of the company by the Bank of Ghana. 

This was contained in a statement read by the spokesperson of the group at a press conference in Tarkwa in the Tarkwa-Nsuaem municipality of the western region on Thursday.

According to the group, they have regretted the attitude of the government and the receiver in the handling of the locked-up investments after the revocation of the license of the company by the Bank of Ghana. This is because the government after the revocation of the license of the company assured its customers of paying off all their monies because he had secured enough funds to do that. 

They also revealed that their checks at the Price Water House and Bank of Ghana contradict what the government came out to tell them.

The aggrieved customers stated that they became dismayed when the receiver, Eric Nipa ended up paying only GH¢10,000.00 to the customers whilst their locked up funds run into several millions of Ghana cedis. 

They also called on the government to do the needful by ensuring that the GH¢23 billion they were told has been secured is made available for the payment of their investments. Adding that they do not want to believe that they were misled by the government that the payment by Bank of Ghana through the receiver would be better than that of the Goldman Capital Investment.

The Bank of Ghana (BoG) on May 31, 2019, revoked the licenses of 347 insolvent microfinance companies to sanitise the microfinance sector.

The actions taken by the Bank of Ghana were in pursuant to section 123 (1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930), which requires the BoG to revoke the licences of a bank or Specialised Deposit-taking Institution (SDI), when it determines that the institution is insolvent or is likely to become insolvent within the next 60 days.

Consequently, the BoG appointed Eric Nana Nipah as Receiver for the specified institutions in line with section 123 (2) of Act 930.

A statement released by the Bank of Ghana before the revocation of the licences of those financial institutions indicated that the action was to get rid of insolvent and dormant institutions that have no reasonable prospects of rehabilitation and have denied depositors access to their deposits, thereby constituting a threat to the stability of the financial system.