Audio By Carbonatix
Member of Parliament for South Dayi, Rockson-Nelson Dafeamekpor has joined calls for government to consider a bailout for customers of defunct gold dealership firm, Menzgold.
Some of the aggrieved customers, on hit the streets here in Accra calling on President Akufo-Addo to personally intervene.
Mr. Dafiamekpor suggests, government should include the payment in the bailout being offered to customers of the collapsed banks and special deposit institutions.
“Persons from all walks of life have invested with Mexnzgold. So I agree that the government must come in and do something by way of the bailout because this ought to constitute part of the general bailout given to the financial cleanup,” he said.
Meanwhile, the Director of Operations at the Presidency has asked aggrieved customers of embattled gold dealership company, Menzgold, to exercise patience with the government.
Lord Commey, who received the petition on behalf of President Akuffo-Addo assured the aggrieved customers that government will not neglect them.
In 2018, Menzgold was asked to suspend its gold trading operations with the public by the Securities and Exchange Commission (SEC).
According to the SEC, Menzgold had been dealing in the purchase and deposit of gold collectibles from the public and issuing contracts with guaranteed returns with clients, without a valid license from the Commission.
This, the SEC said was in contravention of “section 109 of Act 929 with consequences under section 2016 (I) of the same Act.”
Menzgold has, however, failed to fully pay its customers the value of their gold deposits as well as their entire investments.
Some aggrieved customers have, since, staged protests to demand the payment of their locked-up cash.
These protests are yet to yield results as customers have still not received their monies.
Latest Stories
-
Ghana’s reliance on Dubai for gold exports leaves cedi exposed as Iran conflict disrupts trade
12 minutes -
Cabinet approves new round of SIM registration exercise
26 minutes -
Ghana urges Commonwealth support for UN resolution on transatlantic slave trade
30 minutes -
TUC urges action on women’s rights, workplace protections on International Women’s Day
38 minutes -
Leadership of Cashew Watch Ghana engages TCDA CEO to advance sector growth
39 minutes -
Ghana’s gold crossroads: Why global pressure is real, but a coup is still unlikely
42 minutes -
24-Hour Economy Secretariat targets 160k jobs under new energy transition MoU
44 minutes -
Ada West Education Directorate intensifies policies to reduce teenage pregnancy
48 minutes -
We are in final stages of setting up Women’s Development Bank – Mahama
53 minutes -
IWD: Invest more in women for national development – Fisheries Minister
1 hour -
CLOGSAG begins indefinite nationwide strike over delayed conditions of service today
1 hour -
Educational orientation worsening youth unemployment in Ghana – Asiedu Nketia
1 hour -
Middle East War: Gov’t must turn oil price gains into relief for the poor
1 hour -
Iran war: Import addiction threatens Ghana’s economic stability – Economist
2 hours -
Women urged to embrace authenticity to unlock their potential
2 hours
