Public Hearing on Gold Coast Fund collapse postponed over State of the Nation Address

Aisha Yakubu
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The ad-hoc committee appointed to investigate the issues surrounding the frozen funds of clients impacted by the collapse of Gold Coast Fund Management Limited has announced a postponement of its public hearing. The hearing, originally scheduled for Tuesday, February 27, 2024, will now take place on Wednesday, February 28, 2024.



This decision was made to accommodate President Nana Akufo-Addo’s State of the Nation address in Parliament, which is set to occur on the initial hearing date. As a result, the committee has rescheduled its public hearing to avoid any conflict with the President's address.


Charles Nyame, the convener representing the aggrieved customers, has expressed optimism regarding the potential outcomes of the committee’s investigations. In a statement to Citi News, Nyame confirmed that he was notified of the date change by the committee’s secretary and acknowledged the reason for the adjustment.


“I was called last Monday by the secretary to the parliamentary committee tasked to probe the delay in the payment of our funds, and he informed me that the date, which is Tuesday, February 27, has been rescheduled to Wednesday, February 28, 2024, with the reason that the president is going to have the state of the nation address in the house and for that matter, sitting cannot take place, which is a bit reasonable so we agreed upon the rescheduled date,” Nyame stated.


The rescheduling of the public hearing demonstrates a commitment to ensuring that all relevant stakeholders are able to participate in the proceedings without any scheduling conflicts. It also underscores the importance of addressing the concerns of the affected customers in a thorough and considerate manner.


As we await the upcoming public hearing, it is imperative that all parties involved continue to prioritize transparency and accountability in resolving this challenging situation. The outcome of the committee’s investigations will undoubtedly have a significant impact on the affected customers and the broader financial landscape, and it is essential that these matters are addressed with diligence and fairness.


We will continue to monitor developments related to this issue and provide updates as new information becomes available.




-source citinewsroom |curated by Aisha Yakubu | Ghana Crimes

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