Don’t blame Menzgold customers for business gone bad – Fin. Analyst

Financial Analyst, Jerry Afolabi, is of the view that aggrieved customers of gold dealership firm Menzgold, did no wrong by investing into the company.

According to him, blame should not be directly laid at the doorstep of innocent customers who thought of exploring an investment opportunity which was well publicized to the general public.

To him, the mere fact that the company was advertised severally on both radio and television, gave enough credence to its genuineness. Also the display of company certificate obtained from state regulatory bodies such as the mineral commission and other relevant institute is an enough reason for one to believe and subsequently, invest there.

“In this instance, it is somebody’s responsibility to ensure that, first and foremost the business should not even start if they are not dealing right. As a regulator it is a going concern, where going concern means that you always have to make sure the business is up and doing, is sound and healthy. Management and running of the business is going on as it should be” he told Kweku Owusu Adjei on Anopa Kasapa on Kasapa FM.

Meanwhile, a delegation made up of top government officials including a Deputy Attorney General, Joseph Dinkiok Kpemka, are expected to leave Ghana today (Tuesday) to the United Arab Emirates, to speak to issues surrounding the arrest of Menzgold CEO, Nana Appiah Mensah.

Officials of the Bureau of National Investigations (BNI), National Security, Criminal Investigation Department of the Ghana Police Service, the Foreign Affairs Ministry, and other allied security bodies are expected to be part of the delegation, which was put together after an emergency National Security meeting earlier today.

They are expected to among other things, trigger a possible diplomatic agreement for the embattled CEO of the gold trading hub to be released to Ghanaian officials, as he is a subject of an existing circuit court warrant.