Customers of the defunct Gold Coast Fund Management are urging President John Dramani Mahama to fulfil his campaign pledge by allocating funds in the 2027 Budget to settle over GH¢3 billion in locked-up investments. Following the submission of a petition to the President on Tuesday, September 1, group Convener Charles Nyame stated during an interview on Channel One Newsroom that affected customers expect the administration to honor its commitment.
He noted that while President Mahama had originally promised during the election campaign to resolve all outstanding payments within his first year rather than through an extended plan, background efforts to address the issue with the government have yielded no results after nearly three years.
Mr. Nyame has stressed that incorporating outstanding financial obligations into the upcoming 2027 Budget is essential to provide a clear and binding roadmap for full reimbursement. He explained that the timeline was set with the expectation that the budget will be presented in November, noting: “Whatever projections the government intends to initiate must be captured in this budget we are awaiting.”
He expressed hope that the President will recognise the urgency and act accordingly. Nyame highlighted the severe toll of the prolonged delay on affected customers, particularly pensioners, who constitute over 80 percent of the group’s membership. He revealed that more than 1,460 members—mostly retirees—have died since their funds became inaccessible. “We are just appealing to the President that we have waited long enough,” he emphasised.
