Menzgold customers to petition Akufo-Addo today, demand access to their money
Angry customers of the defunct gold dealership firm, Menzgold, who call themselves the Coalition of Aggrieved Members of Menzgold are to hit the streets today, September 12, 2022, as they march up to the Jubilee House to demand action for their locked-up cash in the defunct company.
Customers bemoan how difficult it has been to retrieve their money, four years on since it was collapsed by the government.
Mr Fred Forson who is the spokesperson for the group indicated that they will present a petition to President Akufo-Addo.
“We will converge at 9 am at the Customs traffic light. From there, we will do a walk through the Ministries to the Black Stars Square. There, we shall have a press briefing. At 11 am, we will present our petition. It is exactly four years since Menzgold collapsed and for four years, we have done whatever we could but it appears there are no results. So this time around, we want to petition the president for a presidential intervention.”
In 2018, the Securities and Exchange Commission, SEC, asked the firm to halt its operations with Ghanaians. SEC explained that Menzogold’s operations in gold collectables with its clients are not licensed by the commission.
According to SEC, Menzgold’s action flouts “section 109 of Act 929 with consequences under section 2016 (I) of the same Act.”
The shutdown of the company has left most Menzgold customers up in arms seeking the intervention of the government to help them retrieve their monies.
They also want the Chief Executive Officer of the firm Nana Appiah Mensah prosecuted.
Earlier, Finance Minister Ken Ofori-Atta indicated that customers of the firm will not be compensated since they ignored several warnings to them in dealing with the firm.
He said “As we try to clean up the financial services centre, I know the SEC has come down hard, strong, and justifiably on Menzgold. But the issue with a company of Menzgold…it’s become an issue of greed as a people and our behaviour when we are so clear as educated as we might be that when we went there, there was no license”.
“I think it is not in the place of government to fund or get your money back for you. It was an obvious trap that you went into. Maybe we as an industry should also push the whole issue of education and empowerment so that people do not fall prey to that,” Ken Ofori-Atta.
