Finance Minister Cassiel Ato Forson says the government currently does not have the financial capacity to compensate customers whose funds remain locked up in a collapsed financial institution.
In an interview, Dr Forson questioned whether the state should continue taking responsibility for liabilities arising from privately managed financial institutions.
“The money must come from somewhere. Tell me, am I going to stop paying for school feeding? Am I going to stop paying the capitation grant? Because the money must come from somewhere,” he said.
“In fact, we do not even have the money to do that,” he said.
His comments come despite campaign assurances by John Mahama ahead of the 2024 elections that an NDC government would reimburse victims of the financial sector clean-up within its first year in office.
Sixteen months into the administration, many affected customers say there are still no customers linked to Gold Coast Fund Management.
Convener of the Aggrieved Customers of the Gold Coast Fund Management, Charles Nyame, accused the government of abandoning promises made during the election campaign.
