Customers of Ghanaian defunct gold trading firm, Menzgold Ghana Limited, say they are going through hell following their inability to recoup their investments.
Menzgold was asked to suspend its gold trading operations with the public by the Securities and Exchange Commission (SEC) about three years ago.
According to the Commission, Menzgold did not have the license to trade in gold collectibles and that doing so was in contravention of the Securities Industry Act, 2016 (Act 929).
The customers for years had been demanding payment of their principal investments after the gold dealership company was forced to halt operation by SEC’s directive. Several efforts by them targeted at the company to get their monies have failed to yield any positive results.
Speaking on Ahotor 92.3 Fm, the Spokesperson of the Aggrieved Customers of Menzgold Fred Forson said Parliament could have assisted them to retrieve their locked up funds.
He said Parliament has neglected them and Ghana’s current democracy don’t care about the ordinary Ghanaian.
Mr. Fred Forson said if Parliament used the same energy they used when they were calling for the Finance Minister Ken Ofori-Atta to be sacked on the menzgold issue, the over 60,000 people whose funds have been locked up could have been paid by now.
Story by: Emmanuel Romeo Tetteh / Ahotoronline.com
