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Ghana News

Investor Fears Early Death Due to Locked-Up Investment

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Mr. Ofori Sarkwa is one of many investors affected by the financial sector clean-up in Ghana. He is now demanding that the government probes financial institutions so they can pay up his investment to provide him with the security and comfort he so desires. Mr. Sarkwa had spread his investments across various financial institutions, hoping to live a comfortable life during his retirement. However, the recent collapse of Gold Coast Fund Management Company has locked up his investments, denying him access to his funds.

In an emotional interview on The Pulse on JoyNews, Mr. Sarkwa expressed his fear of an early death due to the inability to access his investments. He explained that his locked-up investment could deny him the basic luxuries of life and lead to his untimely death. He added that a pensioner should be able to lead a happy life and grow till the good Lord calls, but if he has to cry every night, walk to the financial institutions, and not receive any updates, he will die early.

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Mr. Sarkwa stressed that if all the firms he had invested in were paying a third or even half of the returns, he would live a better life. He is now living on a “meagre pension from SSNIT,” which he said was hard for him because he has children in school and bills to pay. He revealed that he is suffering, and many in his category are also suffering the same way.

For the most part, the financial sector clean-up has been successful, but the process has left many investors like Mr. Sarkwa in a precarious situation. They are now calling on the government to investigate financial institutions and ensure they pay up their investments. The government must also address the fears of investors and take measures to protect their investments. It is important that investors have confidence in the financial sector and are assured that their investments are safe.

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