‘Gold Coast Securities, defunct GN Bank customers demand their monies’

Dozens of aggrieved customers of defunct GN Bank, which has been transformed into a savings and loans company, and Gold Coast Securities Company, operating in the Upper West Region, have demanded immediate payment of their ‘locked-up’ savings. 

The customers, mainly pension workers, businessmen and businesswomen, and several other government workers, said failure by the management of the companies to allow them to withdraw their monies, was seriously undermining their social and economic activities. 

Though, the customers called on government to intervene in the matter, they have vowed to continue hitting the streets of Wa with demonstrations until their demands were met.

The customers marched peacefully through the Wa Central Market to the main lorry terminal, and converged at the forecourt of the Upper West Regional Coordinating Council (RCC), to submit a petition to the regional minister.

They chanted war songs and carried placards with inscriptions such as ‘Nduom we want our monies, pay us our monies’.

Mr Gilbert Nuuri-Teg, the RCC Chief Director, who received the petition on behalf of the regional minister, Dr Hafiz Bin-Salih, urged the customers to exercise restraint as the minister studied the request. 

Spokesperson for the customers, Mr Stephen Kpen, told journalists that they were disappointed in the Bank of Ghana (BoG) for totally neglecting the plight of the teeming customers.

He said in spite of their cry in February demanding an intervention from stakeholders, the GN Bank, Gold Coast Securities Company, BoG and Security Exchange Commission remained aloof to their plight.

Mr Isaac Nwebabora, Convener of the aggrieved customers, said since June, 2018, none of their members could withdraw money from the bank, despite the pledge to pay their monies by March.

“Some government workers taking salary through GN Bank, at the end of the month, received GH¢50, meanwhile Comptroller and Accountant General has paid all the money,” he added.

Madam Christiana DakurahKaara-Aiu, a prisoner, told the Ghana News Agency that her five years investment valued GH¢50,000.000 was locked up.

“Though I am a pensioner, I am still paying school fees, and other family members are depending on me, my child who is attending polytechnic has dropped out because my money has been locked,” she said. – GNA

Show More
Back to top button