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
-
UHAS halts semester exams over administrative, logistical issues
3 hours -
ECG announces planned maintenance outages in parts of Ashanti Region
3 hours -
Sexual harassment has no place in educational institutions – Education Ministry
3 hours -
The growing culture of vacation classes in Ghana: Should students rest or continue schoolwork?
4 hours -
E.P. Church secures radio frequency, prepares to launch Bremen Radio
4 hours -
Two dead and hundreds evacuated as twin fires break out on Greek island
4 hours -
EPCG clears over GH¢11.7m in debt as outgoing moderator calls for tighter controls on borrowing
5 hours -
Mövenpick Ambassador Hotel Accra marks 15 years of premium hospitality
5 hours -
T-bills auction: Government exceeds target by 88%, interest rates tumble
5 hours -
Western North: Confusion erupts over NPP chairmanship election results
6 hours -
Bawumia congratulates newly elected NPP regional executives
6 hours -
Bawumia urges unity after NPP regional elections ahead of 2028
6 hours -
Russia says at least seven killed in largest Ukrainian attack of 2026
6 hours -
Ghana and Netherlands sign pact to combat illicit drugs and drug markets
6 hours -
Akandoh warns Boards against interfering in day-to-day management of health institutions
6 hours