Disgruntled clients of the defunct Gold Coast Fund Management will demonstrate outside the Ministry of Finance's offices to demand the release of their frozen funds.
According to the organisation, the GH8.6 billion agreed by Parliament to pay its members has not yet reached them.
The company's operating license was cancelled by the Securities and Exchange Commission in 2019 as part of the government's effort to clean up the financial sector.
Almost 800 of the group's members have passed away in the previous five years as a result of the government's failure to reimburse their investments, complained Charles Nyame, convener of the irate consumers.
He told Umaru Sanda Amadu that the group would only leave the ministry’s premises once their locked-up funds are paid.
"Five years have passed, and over 800 of our coworkers who were elderly and are now deceased. Their obituaries are proof that they existed. We are heading to the Finance Ministry to picket there for a full 48 hours because of this. Before we leave, we demand that the Finance Ministry authorize the commercial banks to credit our accounts.
The Finance Ministry will be the target of our picket. When everyone from our other regions joins us, we shall assemble at the Obra Spot. We'll be picked up by buses and sent to the Finance Ministry to picket there for 48 hours.
Mr. Nyame reassured the group's members that the police were not opposed to the planned picket and advised them to gather at the Obra Spot on Tuesday so they could be transported by bus to the Ministry of Finance.
"We stated that we would hold a 48-hour picket inside the Finance Ministry's grounds in the letter we filed to the police. Because the police expressed no objections in that regard, we anticipate holding our picket at the ministry's location.
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