Where is your money?

Some people in their frustration and anxiety have accused Gold Coast Fund Management of sending their investment monies abroad. They are wrong.

Where has the investment money been put to work?

For over 25 years, your money, invested with Gold Coast, has built clinics, hospitals, roads (including much needed cocoa roads), bridges, classrooms, factories in Ghana. All over the country. More than 600 infrastructure projects have been funded for local contractors. Tens of thousands of full time jobs have been created. It is because of the Gold Coast Investment discipline that has made it possible for thousands of people to gain significant returns on the original amounts invested.

Today, the clients have made Gold Coast Fund Management the biggest fund manager in the country as a result of the benefits people have gained over the years.

So, where is your money? It is working, in Ghana, for Ghana’s development. Over 2 billion Ghana Cedis has been invested in infrastructure and commercial projects for the GetFund, Cocobod, Road Fund, District/Municipal Assemblies and Private Companies. About 500 million Ghana Cedis have been invested with other financial institutions and in real estate projects. Hundreds of million more have been invested in agriculture, manufacturing, media and other enterprises that are creating jobs for Ghanaians.

It is prudent to allow investments to run their course before calling them in. Many people will lose money if we were to redeem investments or sell assets before they gain full value. Investments with government agencies once they are legitimate, “do not go bad”. Otherwise, no investor, local or international will respect Ghanaian sovereign guarantee. This is why we have been working with quiet assertiveness with government agencies and private sector organizations to pay what is due to Gold Coast. What we recover, we use to pay emergency needs and interest arrears of our clients.