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
-
Queiroz outlines long-term plan to rebuild Black Stars for 2030 World Cup
18 minutes -
‘Most important trophy now is the next game’ – Carlos Queiroz
31 minutes -
Ahafo Ano South West DCE laid to rest as Muslims hold final prayers
2 hours -
Ghanaian professor Kofi Akamani shot dead in US; wife arrested
2 hours -
Sammy Gyamfi says 2018 NACOC removal from port inspections weakened drug checks
2 hours -
Greater Accra region accounts for 77% of total secured credit in half-year 2026 – BoG
2 hours -
Founder’s Day: We face forward, but are we moving?
2 hours -
Sheenah Naturals unveils Akuaba Collection at Beauty Inside Out Conference
3 hours -
T-bills: 91-day, 364-day yields to trade slightly higher in second half of 2026
3 hours -
Black Stars: It’s our decision to leave Kudus to recover – Queiroz
3 hours -
Sammy Gyamfi backs Mahama’s directive to restore NACOC’s at ports
3 hours -
Queiroz provides insight into Kudus’ decision to withdraw from Black Stars squad
3 hours -
I’m not changing after 47 Years – Queiroz fires back at critics
3 hours -
Nkrumah Never Dies: Celebrating the visionary who awakened a continent
4 hours -
Hassan Ayariga calls for Ghanaian ownership in strategic investment deals
4 hours