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Over 200 million cedis paid to Gold Coast customers – Nduom

Source The Ghana Report/Gloria Kafui Ahiable

Chief Executive Officer (CEO) of Groupe Nduom, Dr. Papa Kwesi Nduom has revealed that the Gold Coast Fund Management (GCFM) has paid over two hundred million Ghana cedis to aggrieved investors adding that payments are still ongoing.

The CEO’s comment comes on the back of concerns by a number of investors of the Gold Coast Fund management’s Structured Finance module over the non-payment of their funds.

But responding to the claims of the aggrieved customers, Dr. Dduom in a facebook post indicated that payments are being made through mobile money accounts and bank transfers to customers whose investments are less than 2,000 Ghana cedis.

He added that measures have been put in place to ensure investors with more than 5,000 and 10, 000 investments receive their funds.

He noted “All of these, about 25,000 accounts will be done by the end of the year. These payments are being made with investments we are redeeming from individuals and companies. ”

He further said the names of those being paid have been published in the Today newspaper and other media platforms.

The CEO is assuring investors of GCFM of its commitment to ensure each and every investor gets their investments.

2 Comments
  1. Dickson says

    I have not yet received any information on my investment. I have visited your office in Accra but i do not meet anyone to talk to.

    1. Gloria says

      Find below the CEO of GCFM unedited facebook post on the investment issue

      Gold Coast Payments?

      A number of people keep asking about payments of GCFM Structured Finance (SF) investments. The fact of the matter is that payments have been ongoing. So far, over 200 million Ghana Cedis have been given back to investors. Currently, payments are being made every day to those who made investments with less than 2,000 Ghana Cedis. Every day, by MOMO and bank transfers. When those are done, we will move to investments less than 5,000 and then those less than 10,000. All of these, about 25,000 accounts will be done by the end of the year. These payments are being made with investments we are redeeming from individuals and companies. The names of those being paid now have been published in the Today newspaper and others. There is no need for anyone to spend money to go to any office. Calls are being made to confirm the MOMO and bank account details every day.

      In addition, asset swaps – land, vehicles, televisions, fridges, motor cycles, buildings are also happening. Any one interested in swapping their investments for new vehicles, TVs, Fridges etc. should contact the Call Centre:
      Open Hours: 8 am – 5 pm
      Phone: +233 (0) 302 211411 and +233 (0) 302 211410
      WhatsApp: +233 (0) 50 538 3028
      Email info@gcfmghana.com OR options@gcfmghana.com

      When we get payments from Government Agencies on infrastructure project receivables, we will make payments to those with higher value investments (i.e. more than 10,000).

      Once again, this is NOT a promise. The payments are happening.

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