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Business News Thu, 17 Oct 2019

Your investments are safe with us – Blackshield to customers

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Gold Coast Fund Management, now Blackshield Fund Management has assured customers of their money is safe with them.

Speaking on Citi TV’s Point of View, General Manager in charge of Investor Relations and External Affairs, Benjamin Kofi Afreh, said no customer of theirs will lose a pesewa so they should exercise patience as they will be paid eventually.

“It is an unfortunate situation we find ourselves in, for a company for me that has created real value for people over the past 26 years. A company that through some of the pre-financing we’ve done, we’ve got real work or development to some of the communities out there. It is a difficult situation, but I take consolation in the fact that we will be here to work with our customers to ensure we pay everybody, and no one will lose any pesewa of their investment,” he said.

On Tuesday, October 15, hundreds of aggrieved customers of Gold Coast Fund Management across the country demonstrated to demand the retrieval of their locked-up investments.

Some member companies of Groupe Nduom, including Blackshield, have been struggling to maintain their operations since one of them, GN Savings and Loans was declared insolvent by the Bank of Ghana.

Reacting to the issue, Mr. Afreh pleaded that “anyone who owes us, be it agencies of government, be it private sector; anyone who owes us should also make it a point to pay us what is due so we can pay our customers as well.”

Source: www.ghanaweb.com
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