The Aggrieved Customers of Gold Coast Fund Management have called on the government to expedite the release of the remaining tranches of the GH¢1.5 billion bailout package.
This comes after, Dr Amin Adam, the Minister of Finance announced the release of GH¢700 million for customers whose funds have been locked up in various fund management companies.
Speaking at a press conference on Thursday, August 29, Dr Adam confirmed that the disbursement is part of the GH¢1.5 billion bailout package approved by the Cabinet.
However, speaking in an interview on Eyewitness News, the Convenor of the Aggrieved customers Gold Coast Fund Management, Charles Nyame, expressed concerns about the timing of the remaining disbursements.
“We are pleading with the government if they are going to release this GH¢1.5 billion in three tranches and they have instructed the Controller and Accountant General Department to release GH¢700 million to the Securities and Exchange Commission, we are asking that when are the other two tranches; the second and the third tranches going to be released. Because as we are talking, we are moving into an election and we don’t know how the outcome of the election will go.
“We know, we are in this country when a new government takes over, it is difficult for the government to continue whatever the previous government is doing. So, we are pleased with the finance ministry, at least for this GH¢1.5billion that has been allocated to reduce the stress and suffering of customers, should be released as soon as possible before we get to December 7,” he stated.
