
Court throws out Adamus Australia over injunction against Nguvu Mining and Adamus Ghana
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14th July 2023 5:31:18 PM
1 min readBy: Chris Kodo

On Monday, July 24, 2023, disgruntled clients of the now-defunct Gold Coast Fund Management plan to picket the Ministry of Finance.
On Friday, July 14, 2023, the group's convener, Charles Nyame, revealed this in an interview with Class FM, a station based in Accra.
He claims that the picketing has resumed in order to demand the release of their funds that have been frozen as a result of the Bank of Ghana's effort to clean up the financial system.
On the day of the demonstration, July 24, 2023, Mr. Nyame announced his group will spend 36 hours at the Ministry of Finance.
The Bank of Ghana declared inoperative Gold Coast Fund Management, which was established under Black Shield Capital Limited, when the central bank terminated its operating license in 2018.
Over 55,000 individuals have been reported to have had their monies locked up following the exercise.
Charles Nyame, in the interview, expressed disappointment over the lack of a positive response from the Securities and Exchange Commission (SEC) regarding their locked-up funds.
It would be recalled that in May this year, they picketed the Ministry of Finance over the same reasons but are yet to get their due.
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