Saga MenzGold: We would not have been there if I had not been forced to resign – Former Deputy Governor of BoG

Company News From Friday, January 18, 2019

Source: primenewsghana.com

2019-01-18

Dr. Johnson Asiama, former second deputy governor of the Bank of Ghana, said that the problems with the MenzGold Company at war would not have reached its current state if it had not been forced to leave his position.

According to him, plans were in place to structure and ensure that MenzGold's activities were properly authorized before it was forced to resign by the NPP administration.

In a press release, Dr. Johnson Asiama clarified the issue of his alleged involvement in the MenzGold saga by forcing him to resign from office by a vice president of the NPP, Omarie Wadie, said he was instead called and resigned from office by Finance Minister Ken Ofori-Atta. .

Still, in the MenzGold saga, the former deputy governor stated that clients would not have been in the current situation if he was not forced to leave his position.

"At the end of the meeting, they understood and they called on me to help them restructure so that BoG could regulate them. I told them that they had to apply for a financial institution license (at a minimum) before they could hire them. In the meantime, I told them to stop the Bullion Banking products and to advertise in the newspapers for this purpose, which they did afterwards ".

But unfortunately, "the same week was called by the Minister of Finance to announce that the President had decided to replace me by his own person, which I forced. Certainly, if my efforts had continued even after my release, we would have managed to restructure MENZGOLD or solve them entirely before the end of 2017 ".

Defunct MenzGold faced many regulatory problems, forcing the company to retreat.

Many of the company 's clients have lost their investment in the company as it would be a PONZI system.

Last month, an Accra circuit court issued an arrest warrant against the CEO of MenzGold Nana Appiah Mensa. EOCO also froze the CEO's accounts and seized certain properties of the company.