Menzgold customers appeal to Akufo-Addo for financial bailout


The Coalition of Aggrieved Customers of Menzgold (CACM) made a heartfelt plea to President Nana Akufo-Addo, urging him to provide them with a financial lifeline as they await the impending court hearing of Nana Appiah Mensah, the former Chief Executive Officer of the now-defunct gold trading firm Menzgold, scheduled for September 19, 2023.

The group, known for its unwavering pursuit of justice, has also disclosed plans to hold a candlelight vigil on Tuesday, September 12, in remembrance of those who tragically lost their lives as a result of the financial turmoil caused by Menzgold’s collapse.

Fred Forson, the convenor of CACM, passionately appealed to the president to step in and assist in the retrieval of their trapped investments while criminal court proceedings continue.

“We are making a heartfelt appeal to the President of the Republic for financial assistance during the ongoing criminal case, set to commence on September 19. We note that Parliament has signaled its concern, and the Attorney General has made commitments by filing an additional 39 charges,” Forson expressed in an interview with Citi News.

“These actions have breathed new life into the customers, and we believe it is high time the President addresses this matter as well. His intervention would undoubtedly provide customers with a glimmer of hope, as he holds the ultimate authority on whether or not customers will receive their dues,” Forson emphasized.

The Coalition of Aggrieved Customers of Menzgold is a collective of individuals who entrusted their savings to Menzgold, a gold dealership firm that had promised substantial returns on investments. However, the company’s collapse in 2018 resulted in many investors having their funds entangled in a complex legal quagmire.

For several years, this group has been fervently advocating for government intervention to facilitate the recovery of their investments, which have been locked away since the company’s downfall.

The forthcoming court hearing on September 19 is just the latest legal battle for Nana Appiah Mensah. He faces a total of 39 charges, including accusations of defrauding customers, money laundering, and operating an illegal investment scheme.



Leave a Reply