FINANCE COMMITTEE OF PARLIAMENT DIVIDED OVER MENZGOLD'S CRY FOR HELP

A section of the parliamentary Committee set to investigate the petition from the CEO of Menzgold Ghana believes that his bossy response to the Bank Of Ghana is  the cause  of their current predicament. While a section of the Committee believes that the company should be solely left to tackle their own mess after their failure to operate within the stipulated regulations,others on the Committee believe that a level of State intervention is required.
  The Chairman of the Committee,Dr. Mark Assibey Yeboah said the Committee was yet to even decide on inviting the CEO for a meeting.

 "We’ve distributed their petition to all members of the Committee and the generality is a divided Committee on this matter; whether to invite them or not.”
He however insisted that the affected customers had ample warning of Menzgold's shaky foundation.
The most recent development saw a Kumasi Circuit Court order the sale of properties of Menzgold in Amakom in the Ashanti Region by public auction before 10:00am on January 16, 2019.

This followed a suit brought against the company by an aggrieved customer, Henry Darko, over the failure of the company to pay his principal investments and extra value.

The court, in its ruling, while instructing the company not to sell or gift out the property, cautioned the general public not to receive the property whether by purchase, gift or any other means.
  As customers complain of a sorrowful start in this festive period while the CEO,Nana Appiah Mensah is yet to return on his long trip.