Customers of a failed Gold Coast Fund Management company are going to walk on the streets on Tuesday, September 1 to ask the government to give back their money that is stuck.
This protest happens because the group is upset that their request to get all the money they are owed was not answered in the 2026 Mid-Year Budget Review. Editorial Standards
Before this budget was shown the customers asked President John Mahama to tell the Ministry of Finance to set enough money to pay all their remaining money.
These investors say many people who were affected have had a time with money since some banks and companies failed and they want a quick solution to get their money back.
For the protest on Tuesday the customers will meet at the front of the Ebenezer Presbyterian Church in Osu.
Then take buses to Jubilee House to give a paper to President Mahama.This action is a way to ask the government for help with the people who lost money going straight to the leader to find out when they will get their money.
In a statement Charles Nyame, who leads the customers of Gold Coast Fund Management asked people who lost money to take part in what he called an important step in their long fight to get their money back.
The group also asked people who lost money in failed companies to join the protest saying the clean-up of the financial system affected many people whose money is still not paid.
The people organizing the event said the protest will be calm and in order. They will not walk from Osu to Jubilee House.
Use buses to get there.This latest action happens as part of the clean-up of the system in Ghana, which made some companies lose their licenses because they were not doing well or breaking rules.
Gold Coast Fund Management, which later changed its name to Blackshield Fund Management was one of the companies affected.The government made a plan to pay people who lost money from these companies. Editorial Ethics & Independence
Some people got their money over the years. Others from Gold Coast and other failed companies still want their money.For these people the problem is more than getting money back. It is a time of money trouble.
Many say the delay has stopped them from paying for things at home helping businesses and getting back on their feet after the company failed.In July the Gold Coast customers asked that all the money they are owed be in the 2026 Mid-Year Budget.
They said not getting the money will make things harder for people who have waited for years to get their money back.Not having a plan to pay them in the budget review made them organize again.
Now the customers want the government to say clearly when they will get their money and how they plan to pay it.Their planned paper to President Mahama is also to make sure the issue gets attention from the top of the government.
The clean-up of the system was done to make people trust the money system in Ghana again but the long time it takes to pay people is still a big worry for some customers.
For people waiting for money the problem is not just how much they are owed but when they will get it.This new protest could make the government and the Finance Ministry work harder to explain what is happening with the money that is still not paid.
Even though the customers say the protest will be peaceful the action shows how upset people are who have waited for years to get money they gave to banks. Newscard
The decision to ask the leader directly shows how determined they are to keep the problem in the news until they get an answer.With the protest on September 1 people will watch to see how the government reacts to the paper.
If the pressure will make things move forward for the customers who are still waiting for their money.
For the customers the main hope is simple: a promise, a clear plan to pay and an end to the uncertainty, about their money that is stuck.