The Ghana Growth Fund, a subsidiary of Groupe Ndoum, has sued the Finance Minister over debts that have left it unable to pay investors’ funds.
In a writ of summons, the Attorney-General, Minister for Roads and Highways and Agyakot Company Limited have also been sued.
Lawyers for Ghana Growth Fund Limited, which invests the money on behalf of Gold Coast Fund Management, are demanding the recovery of ¢4,416,719.37 being the total face value of the accrued but unpaid interim payment certificates due the fourth defendant, Agyakot Company.
This will enable Agyakot Company to pay the Fund debts owed it.
Counsel for the Fund, Justice Srem-Sai, said they have exhausted all other avenues and have decided to go to court because all the approaches are not working.
The defendants are by the writ commanded within eight days after the writ is served on them to cause an appearance to be entered for them.
Gold Coast Fund Management has been in the news for its inability to pay clients’ invested capital and the interest accruing on same.
