The Aggrieved Customers of collapsed Gold Coast Fund Management Company has welcomed former President John Mahama’s pledge to pay all their funds when voted into power.

Mr. Mahama during his acceptance speech after winning the National Democratic Congress’ flag bearer position in Tamale promised to get all the customers paid their locked up if voted into power come 2024 election.

“We the members of the Aggrieved Customers of Gold Coast Fund Management who constitute over 90% of the entire customers of the forty-seven Fund Management Companies whose licenses were revoked by the Securities and Exchange Commission welcome the news of this goodwill assurance from the former President”, a statement from the group said.

They explained that despite efforts to engage the SEC and government, the Ministry of Finance has shown no response to their plight.

“It should be on records that, the lock-up of our investments was mainly due to government’s policy of a Financial Sector Clean-up Exercise in Ghana initiated in the year 2018 by the Akufo Addo-Bawumia government”.

Picketing SEC

The customers recently picketed the premises of the SEC to demand their locked up funds released to the.

The three day picketing saw scores of customers demonstrating at the premises of the SEC.

The defunct company, which operated under the registered name, Black Shield Capital Limited had over 55,000 customers whose funds were locked up before the regulator revoked its license. 

According to the convener of the group, Charles Nyame their members will do everything legally possible to ensure their monies are released to them.