Nduom Sues Gov’t Over GHS4m Debt

The Ghana Growth Fund, a subsidiary of Group Ndoum, has dragged the Finance Minister, Ken Ofori Atta to court over debts allegedly owed. 

Included in the suit is the Attorney-General, Minister for Roads and Highways and Agyakot Company Limited.

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.

The suit represents the first set of separate suits that the Company will be embarking on, to ensure debts owed it by government are paid.

The company is also seeking an award of “damages for breach of contract.”

Gold Coast Fund Management has been in the news for its inability to pay clients’ invested capital and the interest accruing on same.

Below is a copy of the law suit: