Increase ¢1.5bn bailout – Aggrieved Gold Coast Fund customers appeals to govt

The Aggrieved Customers of defunct Gold Coast Fund Management (ACGCFM) have praised the government's efforts to compensate victims of the banking sector cleanup.

Finance Minister Dr. Mohammed Amin Adam announced that President Akufo-Addo has released ¢1.5 billion to assist affected customers, with disbursement to be completed by October.

However, the convener of ACGCFM, Charles Nyame, has appealed for an increase, stating that ¢1.5 billion is insufficient to pay the ¢4 billion owed to Gold Coast Fund Management customers, and only a few will benefit.