Investors Demand Justice: First Fund Customers Threaten Demonstration Over Locked-Up Cash

A group of investors in Ghana, who have their funds locked up with First Fund, are threatening to take to the streets in protest over the non-payment of their investments. The customers, who have been waiting for their returns since 2019, are demanding that the government and regulatory bodies take immediate action to release their funds. The total amount locked up is estimated to be around GHC170m, which has been withheld from the customers for over three years. The investors are claiming that they were promised high returns on their investments, but the company has failed to deliver. Despite numerous complaints and pleas to the authorities, the customers have not received any payment or update on their investments. The situation has left many of the investors in a state of financial distress, with some even losing their businesses and livelihoods. The customers are blaming the regulatory bodies, including the Securities and Exchange Commission (SEC), for not doing enough to protect their interests. They are also accusing the company of mismanaging their funds and failing to provide any transparency or accountability. The protesters are planning to march to the premises of the SEC and other regulatory bodies to demand justice and the release of their funds. They are also calling on the government to intervene and take action against the company and its directors. The situation has sparked widespread outrage and concern among the investing public, with many calling for greater regulation and oversight of investment companies. The SEC has issued statements assuring the public that it is investigating the matter and working to resolve the issue, but the customers are skeptical and want to see concrete action. The protest is planned to take place in the coming weeks, and the customers are urging all affected investors to join them in demanding justice. The situation highlights the need for greater protection and regulation of investors in Ghana, and the importance of transparency and accountability in the investment industry. The customers are hoping that their protest will bring attention to their plight and prompt the authorities to take action. They are also calling on other investors to be cautious and do their due diligence before investing in any company. The protest is expected to be peaceful, but the customers are determined to make their voices heard and demand justice. The situation is a wake-up call for the regulatory bodies and the government to take action and protect the interests of investors. The customers are not giving up hope and are determined to fight for their rights and retrieve their locked-up funds. The protest is a last resort for the customers, who have tried all other avenues to resolve the issue. The situation is a test of the regulatory bodies and the government’s commitment to protecting investors and upholding the rule of law. The customers are confident that their protest will bring about change and ensure that justice is served.

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