No customer will lose their investment - Nduom assures

The founder of Gold Coast Fund Management (GCFM) now Blackshield Fund Management, Dr. Kwesi Nduom has assured his clients that none will lose their investment.

“We are serious about our business. Everyone will be paid. Not everyone at once. But no one will lose their investment”, he posted on his Facebook wall on Tuesday, October 15, 2019.

Dr. Nduom’s assurance follows Tuesday morning’s demonstration in Accra of aggrieved customers demanding immediate refund of their locked-up investments.

In his post on Facebook, Dr. Nduom blamed government’s failure to pay back contractors who owe his company, as one of the causes of his current struggles.

“Unfortunately, one of the investments made has had challenges – the pre-financing of government infrastructure projects. Something that had been done successfully for 15 years and over that period about 14 billion Ghana cedis has been invested in schools, roads, bridges, sea defense and other important projects.”