Menzgold would have been resolved in 2017 if you had continued from where I left off-Dr. Johnson Asiama to gov’t

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 Former 2nd deputy Governor of the Bank of Ghana, Dr. Johnson Asiama has indicated that should government had followed up on engagements and correspondents he had had with now distressed gold trading for Menzgold, the issue would have been resolved by the end of 2017.

According to him, he had engaged the leadership and management of the company in several meetings and that they had arrived at certain decisions that would have legitimized the operations of the company, adding that it was when they were about concluding on these engagements that he was asked to resign.

‘’Staff of OFSD were present in that meeting and I instructed that they visit the company and to inspect their vaults. I was particularly interested in the safety of the database, learning from the DKM experience. Hence, I told them to ensure that MENZGOLD had data backups and to also obtain copies for our keeps. My plan was to check whether the value of gold in their vaults was equivalent to the monies they had received through their sister company, BREW MARKETING.   Unfortunately, that same week was when I was called by the Minister for Finance and told that the President had decided to replace me with his own person, which I obliged. Certainly, if my efforts had continued even after my exit, we would have succeeded in restructuring MENZGOLD or resolving them entirely before end-2017’’ he said in statement denying reports that he was fired from the BoG because of his involvement with the Menzgold issue.

He continued that ‘’I therefore wish to emphasize again that my engagement with MENZGOLD officials prior to my exit was in line with my responsibilities as the Supervising Governor for OFSD which supervised the non-bank financial institutions such as the Microfinance Institutions. Clearly, if someone had followed through with what I started, we perhaps wouldn’t be here today’’ he said in statement denying reports that he was fired from the BoG because of his involvement with the Menzgold issue.

According to Dr. Asiama, officials of the company had fully cooperated with him and his team and were willing to take the necessary steps to legitimize their operations, adding that they took all the directives and instructions he gave them seriously and acted on them.

Source: BestNewsGH.com


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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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