Learn Lessons From Tragic Menzgold Debacle - Akufo-Addo Admonishes Ghanaians

President Akufo-Addo has asked Ghanaians to learn lessons from the Menzgold saga.

According to him, the Menzgold debacle, "Is a tragic phenomenom that appears to have occured in plain sight, and affected a lot of people, in spite of warnings from official institutions . . . I admonished all Ghanaians to learn the necessary lessons for the future . . . "

He made this known while addressing Parliament on Thursday, during the third State of the Nation's Address (SONA).

Background

Customers of the embattled gold collectible firm, Menzgold Ghana Limited have their funds locked up with the company which stopped operating after a directive from the Securities and Exchange Commission (SEC) on September 7, 2018, ordered them to suspend its unlicensed deposit-taking operations with the public.

The customers have been calling on the government to help retrieve their monies with demonstrations, press conferences and so on.




Menzgold


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