Customers of the defunct Menzgold Company have petitioned President Akufo-Addo, on compassionate grounds, to offer them a financial bailout.
Convener of the group, Frederick Forson, told Ewurabena Paha that though the Attorney General has taken over the case, they cannot wait for another five years to recoup their lost monies.
They are also asking the President to offer them assistance in order to halt the deaths of their members due to financial difficulties.
About 1.8 million customers are frustrated about the inability of the company to pay back their invested capital.
AG assures customers:
Meanwhile, the Attorney General, Godfred Yeboah Dame, has assured customers of the defunct gold trading company, Menzgold Ghana Limited, of justice.
He described the defunct dealership firm as a Ponzi scheme that has left many of its victims homeless, with broken marriages, and some have lost their lives.
Finance Minister says Menzgold operated illegally:
On Wednesday, November 21, 2018, the Minister of Finance, Ken Ofori-Atta, made it clear that the government was not under any legal obligation to pay persons whose money had been locked up in Menzgold.
Speaking at the third capital market conference and 20th-anniversary commemoration of the Securities and Exchange Commission (SEC), he said some of the affected persons were members of staff of the Bank of Ghana (BoG), the Ministry of Finance, the military, and other reputable institutions across the country.
