Embattled fund management company Gold Coast fund says it has started paying customers who wishes to withdraw its locked up cash since Thursday 29th August 2019.
The company has been in dire financial distress struggling to pay customers their investments but have managed to pay some of its customers.
They blamed this financial distress on government’s indebtedness to some contractors who had executed projects.
According the company, they have started paying they term ‘vulnerable’ customers who have less than GH 5000 with the company.
Speaking in an interview with Joy News the general manager in charge of investor relations, Benjamin Kofi Afreh confirmed this news.
“In every sphere of life they are people who are considered vulnerable to what we are doing is to make a very conscious effort to raise money to pay at least those with some smaller amounts, someone may have like 1,000 you may not recognise it but it is their life their different categories but for the start we want to make sure that those smaller amounts we are able to take care of them” he said