The Aggrieved Customers of the Defunct Gold Coast Fund Management have appealed to President John Dramani Mahama to fulfil his campaign promise by ensuring that funds are allocated in the 2026 Mid-Year Budget Review to settle all outstanding investments owed to victims of the collapsed investment firm.
In a press statement issued on Thursday, July 16, 2026, the group called on the President to direct the Minister for Finance to make a full budgetary provision when he presents the Mid-Year Budget Review to Parliament next week.
According to the group’s Convenor, Charles Nyame, thousands of customers have endured years of financial hardship since the collapse of Gold Coast Fund Management, with many losing access to their life savings.
The statement said the prolonged delay in compensating affected investors has left pensioners, widows, workers and small business owners struggling to survive, with some unable to afford healthcare or continue financing their children’s education.
The group also claimed that several customers have died without recovering any portion of the funds they invested in what was then a licensed financial institution.
The aggrieved customers reminded President Mahama of assurances he reportedly gave during the 2024 election campaign, when he pledged that a future National Democratic Congress (NDC) administration would not subject victims to a prolonged payment plan.
According to the statement, the President assured customers that all outstanding investments would be paid in full within his first year in office.
The group noted that the timeline has now elapsed without the promised payments being made, urging the President to act swiftly.
“This is a defining moment. Your integrity and credibility are now on the line,” the statement said, adding that thousands of affected investors are looking to the President to honour what they described as a solemn public commitment.
The association argued that the upcoming Mid-Year Budget Review offers the government an opportunity to demonstrate accountability and compassion by allocating sufficient funds to settle all outstanding claims.
It stressed that affected customers are not seeking financial assistance but rather the return of money they legally invested.
“The people affected are not asking for charity. We are demanding the return of our own hard-earned money. Justice delayed has become justice denied,” the statement said.
The group further warned that continued delays would only worsen the financial and emotional hardship endured by victims and their families.
The aggrieved customers concluded by urging President Mahama to instruct the Finance Minister to include a full allocation in the 2026 Mid-Year Budget Review to facilitate the complete payment of all locked-up investments belonging to customers of the defunct Gold Coast Fund Management.
They maintained that fulfilling the promise would help restore public confidence in government commitments and demonstrate respect for citizens who have waited years for compensation.
By 1960news.com
