Customers, together with many state-owned organisations, have began piling stress on the National Trust Holding Company (NTHC) for his or her investments working into a number of hundreds of thousands of cedis.

Over ¢400 million of traders’ funds are locked up at the NTHC, making a number of distressed traders of the agency unsure as to when their investment will be unlocked at the NTHC.

Workers of Ghana Oil (GOIL), together with retired workers who’ve about ¢30 million locked up at NTHC, have threatened legal action if the investment fails to pay them their money inside a stipulated timeline.

The workers, who number about 120, said in an interview that since 2020, NTHC had unilaterally discontinued the investment of the funds in varied devices and had, subsequently, stopped the fee of curiosity to depositors.

Management of NTHC has confirmed the company’s indebtedness to the workers of GOIL and other clients however said the investment agency was partaking government for some assist.


But the workers of GOIL, in a letter to NTHC signed by their lawyer, Stephen Gyaben, said the choice taken by the investment agency to cease fee was a breach of contract.

“All attempts by the affected investors to retrieve their money have not been successful. For the past two years or so, all that the management of NTHC has done is to give unfulfilled promises of paying the investors their money.”

“I, therefore, have my client’s instructions to demand payment of their money within fourteen (14) days from the date of this letter failing, which they deserve the right to take all legal steps to have their money paid to them,” the letter concluded.

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