The Special Committee, assigned to investigate the reasons behind the government’s failure to reimburse customers of BlackShield Capital Limited, formerly known as Gold Coast Fund Management, has called on the government to honour its commitment to rescue customers of collapsed financial institutions.
The committee highlighted that the government, in its mid-year budget review for 2024, declared intentions to allocate GH¢1.5 billion to address unresolved claims associated with the financial management firms.
During a debate on the report, the Committee’s Chairman, Joe Ghartey, urged the government in a parliamentary session on Tuesday to initiate payments that would alleviate the investors’ plight.
“Your committee recommends on page 45 that government should make good on its indications which is said by the fact that was stated in the budget that it will make some payments to them. Government should make good indication and make payments that will bring relief to the investors.”
“…We urge government to do its part in terms of following the matter in court so that the question of whether they should be vindicated or not will come to end. So that further payments can be made,” he stated.
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