With the 2026 Mid-Year Budget Review days away, customers of the defunct Gold Coast Fund Management are mounting fresh pressure on the government, demanding a full budgetary allocation to settle their outstanding investments.
They are calling for what they describe as President John Mahama’s campaign promise to compensate them within his first year in office.
In a statement issued on Thursday, July 16, 2026, the Aggrieved Customers of Gold Coast Fund Management said the upcoming budget presents what they describe as a critical opportunity for the government to restore confidence in Ghana’s financial sector by bringing closure to one of the country’s longest-running investment crises.
The group said thousands of affected investors, including pensioners, widows, workers, and small business owners, continue to face severe financial hardship years after the collapse of the fund manager left their investments locked up.
“Many pensioners, workers, widows, and small business owners have been pushed into poverty, denied medical care, forced to withdraw their children from school, and stripped of their dignity. Sadly, many victims have died without recovering a pesewa of the investments they entrusted to a licensed financial institution,” portions of the statement read.
The customers argue that the government should use the Mid-Year Budget Review to make a full budgetary provision for the immediate settlement of all outstanding claims, rather than adopting a phased repayment approach.
According to the group, President Mahama assured affected customers during the 2024 election campaign that his administration would prioritise full payment within its first year in office.
“During the 2024 election campaign, President John Dramani Mahama gave a clear and reassuring commitment to the victims. He assured affected customers that full payment would be made within his first year in office. Today, that timeline has expired. The victims are still waiting.”
The group further said the appeal is not simply about recovering lost investments but also about rebuilding public confidence in government commitments and Ghana’s financial system.
“The 2026 Mid-Year Budget Review presents the government with a unique opportunity to demonstrate compassion, accountability, and respect for the rule of law by making a full budgetary provision for the immediate payment of all outstanding claims.”
The group insists affected customers are not seeking financial assistance but the return of funds they invested through a licensed institution.
“The people affected are not asking for charity. We are demanding the return of their own hard-earned money. Justice delayed has become justice denied.”
The statement concludes with a direct appeal to President Mahama to instruct the Finance Minister to include a full allocation for the settlement of outstanding Gold Coast Fund Management claims in next week’s Mid-Year Budget Review, arguing that the decision will be closely watched by both investors and the wider financial market.
