The Commission has revealed they have received and started reviewing proposals from GCFM, the biggest fund manager, on how they hope to meet payment obligations to their customers and investors. General Manager, External Affairs and Investor Relations of GCFM, Benjamin Afreh, said, “we submitted Cardinal Offer as an investment option to our Structured Finance Product. “The bond portion of the fund will allow customers to continue to earn a predetermined return without violating the recent directives from the commission. By this, we are offering a solution to the SEC directive by leveraging on this investment asset”, added Afreh. “When government agencies pay contractors for work done, it will restore normal operations for GCFM,” it concluded.

Source: GhanaWeb April 16, 2019 14:26 UTC