Menzgold saga: Akufo-Addo’s silence disappointing – Aggrieved customers

February 24, 2020 Editor Business 0

H.E Nana Akufo Addo
H.E Nana Akufo Addo

menzgold demoAggrieved customers of Menzgold are unhappy with government’s silence on their plight during the President’s recent presentation of State of the Nation Address (SONA) to Parliament.

They say though they did not expect President Akufo-Addo to announce the payment of their investments in the collapsed gold dealership firm, an update on the matter would have been helpful.

“We were expecting him to say something with regards to the current state of the Menzgold issue in Ghana. How the customers are suffering to the extent that we have made the entire nation including the President aware that over 30 members are dead now and a number of our people are suffering,” Leader for the aggrieved customers Ezekiel Annor Akagbor told JoyNews.

The sentiment follows an announcement by President Akufo-Addo that payment of locked-up funds of customers of defunct savings and loans companies as well as microfinance firms will begin on Monday, February 24.

Subsequently, the Consolidated Bank Ghana in a communiqué to its staff has outlined payment modalities for customers, confirming the arrangement by government to pay all depositors of failed financial institutions, including DKM.

But expressing their disappointment at a meeting held in Kumasi, the aggrieved customers described the continuous silence by government on the issue as worrying and unfair.

“It was when government interfered that we stopped getting our money, so we were expecting Nana Akufo-Addo during his address to talk about the Menzgold money that is locked up but it seems he is not interested.

“There has been a lot of pleads, we have written to so many places but nothing has been done.

“We have even petitioned government, yet we have not seen anything. Nana Appiah Mensah claims BoG has frozen his account, and he can pay us if he is able to retrieve it, so why is government not coming to our aid to help us?

Full text of SONA2020

Credit: myjoyonline.com

Related posts:

Default ThumbnailGhana’s Minerals Commission says uncertainties in America could push gold price up- Default Thumbnail2017 budget disappointing: Ras Mubarak Default Thumbnail2017 Budget: Don’t get overly excited – Ato Afful Default ThumbnailParliament approves 2017 budget Default ThumbnailTransport fares:15% increase is not enough- GPRTU Default ThumbnailI’ll sue Ken Agyapong – Senyo Hosi Five Banks to loose licenses Why NAM1 was arrested in Dubai

Publish on Apt

Do you have any Social, informational, educational or entertaining stuff that should be featured on www.aptnewsghana.com?

Please submit your stories, pictures, and videos to us via WhatsApp: +233548388489 or click on the icon on your screen. Alternatively, email us: aptnewsghana@gmail.com

RSS feed: APO Group – Africa-Newsroom: latest news releases related to Africa APO Group – Africa-Newsroom: latest news releases related to Africa

  • Click ITS and Canon Middle East Spotlight Intelligent Printing and Digital Transformation in Egypt Ahead of Cairo ICT 2026 November 5, 2026
    Click ITS, an established technology solutions provider in Egypt, brought together business leaders, key customers and decision makers in collaboration with Canon Middle East (www.Canon-ME.com) to explore how intelligent printing, digital imaging and connected document solutions can address evolving business needs across the Egyptian market. Held under the theme “Powering the Future of Print with […]
  • What are the choices for financing Africa’s infrastructure ambitions? November 5, 2026
    Africa’s infrastructure ambition is easy to articulate, but far harder to finance and deliver. Across the continent, power, water and transport projects must compete for capital while responding to different regulatory environments, institutional capabilities, market structures and operating conditions. The strength of an infrastructure plan therefore depends on more than the scale of the ambition. […]
  • Strengthening Maritime Security Through Kenya–European Union (EU) Partnership November 4, 2026
    Kenya and the European Union (EU) continue to strengthen their longstanding partnership in promoting regional peace, security and stability through enhanced defence cooperation, capacity building and support for maritime security operations. The partnership reflects a shared commitment to addressing emerging security challenges, strengthening defence capabilities and safeguarding maritime interests across the Western Indian Ocean. In […]
  • Eritrea: Over 80 Youth Graduate from Vocational Training in Adi-Tekelezan November 4, 2026
    Download logoOver 80 young trainees who had been attending a three-month vocational training program comprising theoretical and practical courses in the Adi-Tekelezan sub-zone graduated on 31 October. Mr. Neraeyo Rezene, Head of the National Union of Eritrean Youth and Students (NUEYS) in the sub-zone, said that the training covered water and electrical installation, computer technology, […]
About Editor 676 Articles
Joe Bright Nyarko Journalist/Communication Researcher. Environment & Sustainability Advocate. Managing Editor of aptnewsghana.com, a non-profit news portal with bias towards environment and sustainability issues, rural development policies and gender & inequality.

Be the first to comment

Leave a Reply