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    Employ targeted-subsidized systems to check macro-economic challenges – Prof. Quartey

    Inflation in Africa: Some subsidy programs prolonging situation – Jeff Gable

    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    BoG, CSA deepen collaboration to fight cyber threats

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    Intravenous Infusions PLC records 10% growth in profit in 2021

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

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    Cedi Summit comes off today at Alisa Hotel

    BoG’s supply of dollars to BDCs drops from 85% to 21% within 3 months – CBOD

    Societe Generale Ghana launches new ‘boafo loan product’ assist MSMEs

    CBOD calls for a more structured supply of Forex for petroleum products

    Bank of Namibia Governor pays courtesy call on BoG Governor

    DBG funds will not be used to buy gov’t securities – Deputy CEO assures

    Producer Price Inflation rises again to hit 33.5% in May 2022

    #CitiBusinessFestival: Garment industry needs financial support to thrive – Cyndex CEO

    Ghana tops list of countries with cheapest cost of electricity in West Africa

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    BoG, CSA deepen collaboration to fight cyber threats

    Dr. Bawumia unveils Ghana’s first Tier IV data centre

    ADB pioneers in global remittance services in Ghana [ARTICLE]

    Introduction of GhanaPay complements efforts to capture the unbanked into digital payments ecosystem – Veep

    #CitiBusinessFestival: How the country can take advantage of the “Ghana Opportunity”

    Chamber of Telecommunications calls for more investment into Technology to improve livelihoods

    Citi Business Festival: Address lack of financial data challenges using MoMo – Rufai Abdul Majeed

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    Bank of Ghana commences piloting of digital currency in Sefwi Asafo

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    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

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    Gulf central banks, Bank of England raise policy rates after Fed hike

    US Fed meets inflation surge with 75bp hike

    As Nigeria’s inflation rate accelerates to 17.71%, the World Bank warns millions could face extreme poverty

    Modern airline tickets design with flight time and passenger name. Plane tickets vector pictogram. Airline boarding pass template. Vector illustration. The concept of air transportation

    Ticket prices to rise following B.A schedule change on Accra-London-Accra route

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Aggrieved Menzgold customers reiterate calls for government bailout

November 12, 2020
in Banking And Finance, Local Economy, Top Stories
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The Chairman of the Coalition of Aggrieved Menzgold customers, Isaac Nyarko has reiterated calls for government to help resolve the Menzgold issues and have their monies paid to them.

Following an order from the Securities and Exchange Commission (SEC) to suspend aspects of its operations in 2018, Menzgold has since struggled to pay monies belonging to its customers.

Chief Executive Officer of the troubled company, Nana Appiah Mensah popularly known as NAM1 was accused of running a ponzi scheme.

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Speaking on Citi Breakfast Show, Mr. Isaac Nyarko stated that the Deputy Attorney General, Joseph Kpemka earlier showed commitment to help them have the issue resolved but no results have been seen.

“My plea is to Deputy Attorney General whom we met, and he showed commitment and goodwill to help resolve this issue before NAM1 came. He said he would form a tripartite committee to ensure that all stakeholders, customers, Menzgold management, NAM1 himself, and government officials will be appointed to sit on this issue and track NAM1’s monies, the Dubai money, and the gold bars that EOCO confiscated.”

“He said he would make sure these assets are liquidated so that we can have our money and that is what we are still looking for that government will show an active commitment to this promise that Kpemka made. But now when you call him he doesn’t answer his phone calls,” he added.

NAM1 trying to scam us again – Menzgold customers

The aggrieved customers also called on the government to conduct a thorough investigation into the dealings of the company’s CEO, Nana Appiah Mensah over what they say is a second attempt to defraud customers of the troubled firm.

It will be recalled that in September 2020, Nana Appiah Mensah also known as NAM1, announced, via social media, plans to compensate aggrieved Menzgold customers with plots of land.

However, two months down the lane, leaders of the Coalition of Aggrieved Customers say this promise has not materialized.

They claimed NAM1 want them to pay an amount of GHS20,000 before the lands are released for them.

Source: citinewsroom.com
Tags: Aggrieved customers of MenzgoldNAM 1
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