Customers of the collapsed MenzGold Ghana Limited are urging the incoming administration of President-elect John Dramani Mahama to provide immediate financial relief to address their dire situation.
MenzGold, once a major player in Ghana’s financial sector, shut down amid allegations of running a Ponzi scheme, leaving thousands of investors stranded and unable to recover their funds.
Many are now facing severe financial hardship, as the legal process drags on with little progress.
Fred Forson, convener of the aggrieved customers, spoke to Citi News, emphasizing the urgency of the matter.
He pointed out that, many investors have been pushed into critical economic conditions since the company’s downfall.
Forson appealed to the incoming government to consider implementing a bailout scheme to ease the financial burdens of victims while the legal proceedings continue.
“We have high hopes and expectations that the incoming President will offer us some form of bailout as we await the conclusion of the NAM1 court case,” Forson remarked.
He also suggested that the frozen assets of MenzGold, including real estate, vehicles, and other holdings, could be used as collateral for the proposed bailout, presenting a practical and fair solution.
These assets, currently under state custody as part of investigations and court proceedings, have been a point of contention since the company’s collapse.
