Govt rules out bail-out for Menzgold customers

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Government has no intention of bailing out customers of beleaguered investment company, Menzgold.

Minister of Information, Kojo Oppong Nkrumah has urged the customers to follow appropriate legal processes to get their monies back.

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His comment follows growing calls by some customers for compensation from government if Menzgold fails to refund investments.

Scores of disgruntled customers of Menzgold from across the country on Tuesday January 8, 2019 converged in the Ashanti Region to stage a demonstration to demand their locked-up investments.

They burnt car tyres and blocked roads linking Adum and Amakom, both suburbs of Kumasi, a situation that resulted in hours of gridlock.

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The angry customers also defied a warning by the Ashanti regional police not to go ahead with the protest.

Speaking on Asempa FM’s Ekosii Sen programme Tuesday, Kojo Oppong Nkrumah urged the customers to resort the legal remedies available to them, especially when the Menzgold did not fall under the banking act.

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The only way out, Hon. Oppong Nkrumah said, is for the aggrieved customers to seek legal redress.

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