Directors of Gold Coast Fund Management (GCFM) has informed customers and the general public that it is observing the commitments made to deliver regular disbursements to clients on a quarterly basis.
In addition to the GHS60 million disbursed prior to March, the company made disbursements last week and are on course to continue to meet the needs of more customers this coming week. Priorities this month going forward according to GCFM are clear are: to clear arrears from 2018, money due to those whose requests for redemptions and interest were processed and approved; and payments due for emergencies and to pensioners.
Payments will be made from the domicile branches throughout the country and not from our Head Office.
GCFM emphasized that it has made viable investments that are still running in the form of placements with other financial institutions, commercial paper held by a variety of private sector entities and contractors with valid government agency infrastructure projects.
The value of these assets exceed the related liabilities. However, we must keep these investments running to be able to derive the values needed to meet the needs of our customers.
The company, through a public notice, had given opportunity for those finding it difficult to meet their obligations to us to come and sit down and arrange periodic payments. Therefore, GCFM has begun moving to a different level to collect money from the investments it has made.
As the company’s investments produce cash, it is expected that it continues to meet requests from customers.
GCFM asks that everyone including customers use the approved, normal channels to seek redress to their challenges.