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Parliament sets up 7-member committee to probe locked-up cash of Gold Coast Fund clients

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By Franklin ASARE-DONKOH

Ghana’s Parliament has constituted an ad-hoc seven-member committee to probe matters relating to the locked-up funds of customers of the defunct Gold Coast Fund Management Limited.

The seven-member committee will be chaired by the Member of Parliament (MP) for Essikado Ketan, and a former Second Deputy Speaker, Mr. Joe Ghartey.

The formation of the ad-hoc follows a petition presented to the House by the Bawku Central lawmaker, Mr. Mahama Ayariga, on behalf of the group.

The customers, in their petition, are demanding an investigation to establish reasons accounting for the government’s failure to pay their locked-up funds and also compelling the government to pay their investments.

The Speaker of Parliament, Rt. Hon. Alban Kingsford Sumani Bagbin, in presenting the petition to the special committee, gave members 3-month to submit its report to the House.

“I will proceed to establish a committee to receive the petition, investigate, and report to the House, and I will propose that the committee be chaired by Joe Ghartey.

The other members will include Edwin Nii Lante Vanderpuye, Dr. Benjamin Yeboah, Gizella Tetteh Agbotui, Kwasi Ameyaw-Cheremeh, and two technical experts,” he stated.

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