Gov’t must find a way of paying Menzgold Customers-NPP MP  

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The ruling New Patriotic Party Member of Parliament for the Afutu Constituency in the Central Region, Alexander Afenyo Marking has said in as much as the majority of Ghanaians would not consent to government using the tax payer’s money to pay customers of distressed gold trading firm Menzgold, government must find way of liaising with the Board and Management of the company on how to ensure that the customers get their monies back.

According to him, there are several options open to government including steps to take an inventory of the company’s assets, use the powers of the state to access information on the various accounts being operated by the company and its Chief Executive Officer and how much such accounts are holding and how to deal with the issue holistically.

‘’The first step is that we can get information about the company’s assets, how much they are holding in the various banks, how much they owe customers and how many customers they have. The company itself seem not to be helping matters because they are being dodgy with information about the actual number of customers they have. People are speculating that they have 1.8 million customers and so on. So these are some of the things we can do’’ he said.

According to him, the various security agencies must also engage the board of the company and to some extent persuade them to come out with a plan on how to go about resolving the matter, adding that concentrating all the attention on the Chief Executive Officer of the company Nana Appiah Mensah is not the panacea to the issue.


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Kennedy Mornah is an Award Winning Ghanaian Journalist with over two decades of experience in the Ghanaian Media landscape spanning the electronic, print and digital media. He is a Media Consultant, a Corporate MC, Radio and TV Host, Founder and Publisher of the Maritime and Transport Digest Newspaper, Businessman, a Go getter and an optimist. He has worked for renowned media organizations including Diamond Fm in Tamale, Luv Fm in Kumasi, Oman Fm in Accra and Starr Fm in Accra In 2017 he received the Reporter of the Year Award at the Ghana Shippers Awards in Accra, Ghana.

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