Aggrieved customers of the defunct gold dealership, Menzgold Ghana Limited, have issued a 21-day ultimatum to President John Dramani Mahama’s administration, demanding urgent action to facilitate the recovery of their locked-up investments.
The customers say the government must account for what they claim is GH¢5.4 million left behind by the previous administration and take concrete steps to ensure affected investors are reimbursed.
The renewed demand comes as the Chief Executive Officer of Menzgold, Nana Appiah Mensah, popularly known as NAM1, commenced his cross-examination after completing his evidence-in-chief in the ongoing criminal trial.
Addressing journalists after court proceedings, Convener of the aggrieved customers, Frederick Forson, expressed disappointment over what he described as the government’s failure to fulfil an alleged pre-election commitment by President Mahama to assist victims in recovering their investments.
According to Mr. Forson, many customers continue to endure severe financial hardship years after their funds became inaccessible, with some struggling to meet basic needs.
He warned that unless urgent action is taken, more victims could lose their lives due to the frustration and emotional distress caused by the prolonged delay in recovering their investments.
“We have given the government 21 days to account for the GH¢5.4 million we believe was left behind by the previous administration and to outline clear steps towards helping customers recover their money,” Mr. Forson said.
The group maintains that despite the ongoing court proceedings involving NAM1, thousands of customers are yet to receive any form of compensation and continue to bear the financial burden of the collapse of Menzgold.
The customers have therefore appealed to President Mahama and relevant state institutions to intervene decisively to bring relief to affected investors, insisting that justice must go beyond the courtroom and translate into the recovery of their locked-up funds.
Menzgold suspended its gold-trading operations in 2018 following regulatory action, leaving thousands of customers unable to access their investments. Since then, legal proceedings involving the company’s management have continued, while many customers remain hopeful of recovering their funds.
