PIRAN-Ghana wants gov’t to take over disbursement of Menzgold funds

CEO of Menzgold; Nana Appiah Mensah

The Public Interest Research Advocacy Network (PIRAN-Ghana),  a Kumasi based  NGO has recommended that  the Government, the security and Exchange Commission (SEC) and the Bank Of Ghana  should team up  and find a lasting solution to the ongoing brouhaha with regards to ways of disbursing the locked-up funds to the Menzgold customers.

The NGO in a statement issued by Felix Djan Foh and Timothy Fiadzoe, President and Secretary respectively of PIRAN said the matter must be seen and handled as a national issue requiring Government’s intervention and solution.

PIRAN’s suggestion comes from its point of view and belief that as the situation stands, the CEO and his management team cannot do the debt payment on their own without difficulty.

The NGO further recommended that the government and the state agencies should call a meeting involving management of MenzGold and spokespersons of the customers to reconcile the individual customers’ accounts to avoid further anticipated demonstration that may turn bloody.

The Advocacy group said if the anger of the customers is not controlled, something unpleasant hence the need for government intervention to ensure that the outstanding issues as to whether the announced payment was appropriate and lawful in the face of the unresolved legal issues that caused the company’s closure.

It  said management of  Menzgold should be cited for public deception if it turns out that there has not been any payment as published and further advocated that the next time payment starts the media houses should be allowed  to give full coverage on the first day to assure Ghanaians and the general public  that payments have  indeed started.



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