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Menzgold customers demand timelines for payment of locked-up cash

Some customers of Menzgold Ghana Limited say they will campaign for the National Democratic Congress (NDC) if the government fails to provide a timeline for the payment of their locked-up funds.

The customers have given the Akufo-Addo government by the close of October 12, 2020, to take a decision on their fate. This according to them has become necessary due to the refusal of the government to facilitate payment of their funds for more than two years.

In an interview with Citi News, a spokesperson for the Coalition of Aggrieved Customers of Menzgold, Frederick Forson indicated that his outfit will mobilize support for the opposition NDC if their demands are not met. “We want the President of the Republic by the close of October 12, 2020, to tell us whether or not he will pay the Menzgold money. If we do not get a response, we will have no other choice but to mobilize our friends and family to vote for the NDC to come to power and bail us out,” he said.

Customers of Menzgold on August 3, 2020, embraced NDC flagbearer, John Dramni Mahama’s promise to repay their investments in full. Mr. Mahama has promised to pay all persons who have funds locked up with the collapsed financial institutions within one year. He also said the NDC would establish a Financial Services Authority that will be responsible for ensuring that consumer financial markets work for consumers, providers, and the economy as a whole. The Authority is intended to oversee all financial products and services that are offered to consumers.