Tag: Gold Coast Fund Management
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Aggrieved customers of Gold Coast Fund Mgt threaten to picket at Finance Ministry
Leaders of the aggrieved customers of the defunct Gold Coast Fund Management Company have given government up to July 24 to accelerate efforts to pay their locked –up funds or commence a 36-hour picketing at the Finance Ministry. This is coming after the aggrieved group made a call for an investigation into the Economic and…
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Aggrieved Gold Coast Fund Management customers demand probe into EOCO over missing Server
The aggrieved customers of Gold Coast Fund Management is calling for an investigation into the Economic and Organised Crime for their inability to produce a server needed for an ongoing court case. In a statement issued by the aggrieved customers of Gold Coast Fund Management, , its convener, Charles Nyame, noted that, the server which…
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Aggrieved Gold Coast customers threaten to resume picketing over unpaid funds
Following the expiration of a week ultimatum given to authorities, aggrieved customers of the defunct Gold Coast Fund Management Company have threatened to resume picketing at the Securities and Exchange Commission (SEC) in demand for their locked-up funds. The customers, who operate under the name BlackShield Capital Limited, claim that they have not received any…
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We’ll address concerns of Gold Coast Fund customers – SEC
The Securities and Exchange Commission (SEC) has promised to address the concerns of customers of defunct Gold Coast Fund Management Company Limited. The aggrieved customers on Thursday, May 4, returned to the premises of SEC to picket for the third day in a bid to demand payment of their locked-up funds. The leaders of the…
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Staff found culpable in capital market crisis will be prosecuted — SEC
The Securities and Exchange Commission (SEC) has stated that it will not hesitate to take action against any employee whose action may have contributed to the shutdown in any of the 53 fund management companies. The regulator has come under intense criticisms following the shutdown of nearly 40 percent of the 141 companies with various…
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Dr. Nduom writes: Out of adversity, a golden key to the future can come, long term investments
Introduction A lot has been said and done about banking reforms in Ghana and the use of taxpayer funds to guarantee deposits and pay them back to customers. Experience elsewhere, in the UK, USA and other environments with more mature investment climates, offer lessons we can use forge a credible way forward in the investment…
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Ndoum resigns from board of Gold Coast Brokerage; changes company’s name
The Chairman of Groupe Nduom, Dr. Papa Kwesi Nduom has resigned from the Board of Gold Coast Brokerage Limited. A statement from the Ghana Stock Exchange to Citi Business News confirmed the announcement. Dr. Papa Kwesi Nduom is resigning from the Board together with Patrick Kobina Anumel. They are being replaced by Dr. Olivia Anku-Tsede,…
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Gold Coast Fund to petition Economic Management Team for support to pay customers
Gold Coast Fund Management company, a subsidiary of Groupe Nduom, is looking to petition the government’s economic management team, as it seeks financial support to help meet customers’ demands. The company, licensed by the Securities and Exchange Commission (SEC), has been struggling to pay customers whose investments have matured in the past 12 months or…
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Gold Coast Fund Management engages SEC over liquidity issues
Gold Coast Fund Management (GCFM) has welcomed confirmation by the Securities and Exchange Commission (SEC) that it is seriously engaging with the company to find a lasting solution to the liquidity crisis it is facing. The Commission has revealed it has received and started reviewing proposals from GCFM, the biggest fund manager, on how the…