Menzgold Did Not Crush It Was Crushed


Before the hammer came down on the operations of Menzgold, the company, has never defaulted in its obligation to the clients.

All those gloating over the closure of Menzgold and subsequent arrest warrant issued for Nana Appiah Mensah, Chief Executive Officer (CEO) of the company, must remember the two victims when the chips finally fall; the workers and the clients.

The ‘Pull Him Down’ syndrome that we use to discuss in our private conversations, has been perfected to the national level.

We at this newspaper feel let down ,when we see a fellow Ghanaian, doing well and has introduced a novelty which was putting money and paying real value to Ghanaians being destroyed, because we do not understand the business model.

In this country, we hate anyone who dares to think outside the box and refuse to follow the crowd. We will do everything both individually and collectively to malign, backbite and pigeon hole the person into either belonging to the New Patriotic Party (NPP) and the National Democratic Congress (NDC).

This newspaper, did not wish to start the year on such a sad and unfortunate note, but what is happening to Menzgold, to say the least is disturbing.

The treatment meted out to Mezngold is a clear indication that all is not well in the way and manner the current government treats its citizens.

We are not by this editorial suggesting that Menzgold, did everything right, neither are we saying the company should have been allowed to flout our laws, what we are saying is that, there was a better way to have handled the issue.

The state institutions involved, should have engaged the company on the quiet and asked that, it pays off its customers.

This public persecution to the extent that Interpol has been alerted to arrest him, could have been averted, if the government was minded to act with caution and circumspection.

The argument of the Finance Minister, Ken Ofori Atta, and all those who think like him that, people seeking greater returns for their investments are greedy, is an unfortunate position to espouse, there is no human being out there who will enter a business and say: oh I am making too much money and therefore let me make losses or reduce my profits because I hate being rich.

Banks in Ghana declare dividends of over 100 percent every year, how much do they give back to their customers and shareholders?

The media house that has also vow not to rest until Nana Appiah Mensah is brought to his knees, must know that what goes around, comes around.

If the staff of the Bank of Ghana (BoG) and Finance ministry, can entrust their money into the care of Menzgold, then there is certainly something to be said about the company’s ability to pay what it promises its clients.


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