We are witnessing a significant display of frustration and discontent as hundreds of customers of Legacy Fund Management from Tarkwa have taken to the streets of Accra to demand the release of their locked-up funds.
The picketing, which occurred at the company’s headquarters, was marked by customers chanting slogans and urging authorities to intervene and ensure the release of their investments.
This protest comes after months of escalating tension between Legacy Fund Management and its customers, who claim that the company has not upheld its obligations, resulting in their inability to access their savings. Among the protestors are retirees, students, and small business owners, all expressing profound concern over the financial difficulties they have faced due to the unavailability of their funds.
Accusations of mismanagement and a lack of transparency have been leveled against Legacy Fund Management by the aggrieved customers. Many have reported a lack of clear communication from the company regarding the status of their investments, leading to widespread anxiety and distrust.
During the picketing, Stanley Yeboah, the leader of the protestors, stated that they had submitted a petition to the Securities and Exchange Commission (SEC) of Ghana, calling for immediate action. In response, SEC issued a letter ordering Legacy Fund Management to ensure the prompt return of customers’ funds. However, it has been alleged that Legacy Fund Management did not comply with SEC’s order.
As the standoff continues, the aggrieved customers have pledged to persist in their efforts until their funds are released. Today’s picketing is just the latest in a series of planned actions by the group, as they remain resolute in seeking justice and the return of their investments.
The situation remains ongoing, and we will continue to monitor and report on any developments.
-source Starrfm | curated by Aisha Yakubu | GhanaCrimes
