According to him, "you cannot apprehend government to booty the absolute responsibility" because "individuals additionally did not do due activity afore advance in the companies that they invested in." The animadversion by the Finance Minister chase beforehand demands for advantage by the investors for their losses afterward the cease of the banks
Despite their connected efforts, they accept been faced with cogent challenges in convalescent their investments
But Dr. Mohammed Amin Adam, speaking during the Greater Accra Townhall Meeting said government will accommodated them center in its bid to abode their grievances
"The barter of the asleep Gold Coast [Fund Management] and the added armamentarium managers… their funds got bound up… Government does not accept albatross over the advance decisions of individuals." "Government doesn't say 'you've absitively to advance your money here; it didn't appear out the way you capital so government should appear and booty up the debt'. It doesn't assignment that way," he said on Tuesday, August 6, 2024 in Accra
He partly accepted that back the regulators abort their blank responsibilities, government charge arbitrate but there cannot be a abounding accusation of the accompaniment for their losses
"People accept said that if they were not liquidated, they wouldn't accept begin themselves in those problem. People accept said that if the regulators were accomplishing their work, they wouldn't accept collapsed into those problems." "Yes, back regulators do not work, again government takes albatross because the regulators are government," he added
Bailout for afflicted customers The Ministry of Finance has appear that it is advancing a new bailout amalgamation for investors of the asleep Gold Coast Fund
Dr. Mohammed Amin Adam fabricated this account during the Greater Accra Townhall Meeting, area he said GHC1.5 billion will be disbursed from the ages of August this year
"First, we did 50,000 cedis per being and this month, August, the government has absitively that we should accommodate addition bailout. Therefore, we are activity to acquit 1.5 billion Ghana cedis to those who were affected. So, we are accomplishing our part, but we cannot booty the absolute responsibility," he assured