Gold Coast Fund customers are demanding that the liquidation process be halted and their locked-up cash be paid to them. The SEC's sudden change of heart regarding the disbursement of a GH¢5.5 billion bailout package that was approved in the 2021 budget statement has left the customers feeling dissatisfied.
The SEC initially presented two options to pay the customers, but later added conditions that included the validation of claims and the securing of a liquidation order. The customers believe that the SEC is not being transparent and is hiding the truth. The SEC's suggestion that the government use a bailout package to pay the customers was based on their experience with liquidation cases that have taken more than two decades to resolve. The customers of defunct Gold Coast Fund Management Company Limited believe that their money is legitimate and should be paid.
In conclusion, the Gold Coast Fund customers are rightfully demanding the payment of their legitimate funds, and it is important for the SEC and the government to be transparent and true to their word in resolving this issue.