Customers of the defunct MenzGold Ghana Limited are pleading with President-elect John Dramani Mahama’s new administration to offer them urgent financial assistance to alleviate their deplorable circumstances.
Thousands of investors were left stranded and unable to get their money back after MenzGold, a once-significant player in Ghana’s financial sector, shut down due to accusations of operating a Ponzi scam.
Due to the protracted and unproductive judicial process, many are currently experiencing extreme financial difficulties.
In an interview with Citi News, Fred Forson, the convener of the irate consumers, emphasized how urgent the situation is.
Since the company’s demise, he noted, many investors have been forced into dire economic circumstances.
Forson urged the incoming administration to think about enacting a bailout plan to lessen victims’ financial strains while the legal process is ongoing.
“As we await the outcome of the NAM1 court case, we have high hopes and expectations that the incoming President will offer us some form of bailout,” Forson said.
He also offered a workable and equitable solution by suggesting that MenzGold’s frozen assets, such as real estate, cars, and other holdings, might be pledged as security for the requested rescue.
Since the company’s demise, these assets have been a source of contention and are currently in state custody as part of investigations and judicial processes.
