Gold Coast Fund Management Customers March to Jubilee House on Tuesday Over Locked-Up Funds

Thousands of Ghanaians whose money remains trapped in Gold Coast Fund Management are set to escalate their campaign for justice, with a coordinated public action planned for Tuesday, September 1, 2026. The aggrieved customers will converge at Ebenezer Presbyterian Church in Osu at 9:00 a.m. before proceeding to Jubilee House to present a formal petition to President John Dramani Mahama, signalling their frustration after years of waiting for resolution.

The exercise, which organisers say will be entirely peaceful and orderly, represents a critical moment for victims of the financial sector collapse that has affected thousands of Ghanaian families. Organisers have arranged for buses to transport all participants directly from the church to Jubilee House at 11:00 a.m., deliberately avoiding street processions to maintain discipline and respect for public space.

Broader Financial Crisis Context

Gold Coast Fund Management's collapse is part of a wider financial sector crisis that has devastated ordinary Ghanaians. The group has extended invitations to customers affected by other failed financial institutions to join the march, acknowledging that the crisis extends far beyond a single company. Scores of Ghanaians entrusted their life savings, school fees, healthcare funds and business capital to these institutions, only to see their money locked away with little clarity on recovery timelines or government intervention.

The Convener of the Aggrieved Customers group, Charles Nyame, has given assurances that the gathering will be peaceful, disciplined and orderly—a deliberate positioning to maintain public sympathy and avoid confrontation that could derail their message. The group's statement emphasises unity and patience, framing the petition as a mature, determined call for action rather than a protest driven by anger.

Why It Matters for Ghana

This petition represents more than a grievance from one customer base; it underscores the vulnerability of ordinary Ghanaians within the financial system and the lingering trust deficit created by sector collapses. When financial institutions fail, the impact ripples through families—children's education is disrupted, businesses fail, healthcare is delayed, and retirement savings vanish. The government's ability to resolve these cases speedily determines public confidence in financial regulation and the state's commitment to protecting citizens.

President Mahama's response to this petition will signal the new administration's priorities regarding financial sector accountability and victim compensation. The group's decision to seek a direct audience with the President suggests previous channels have been insufficient, and that affected customers believe higher-level political intervention is necessary to accelerate resolution.

The appeal for support from media organisations, civil society groups, religious bodies and traditional leaders indicates organisers understand that public pressure and monitoring are essential tools for accountability. By making the petition public and widely known, they are attempting to prevent the issue from becoming lost in bureaucratic processes or deprioritised by government.

Ghanaians who invested in Gold Coast Fund Management and other collapsed financial institutions deserve swift, transparent action on compensation and recovery. This Tuesday's march represents their collective demand that the government prioritise their welfare and provide concrete timelines for fund recovery.