Gov’t ‘cannot and will not’ refund Menzgold customers’ monies

The government has reiterated its stance that it “cannot and will not” use taxpayers’ money to pay people who have lost their investments to the embattled gold dealership firm, Menzgold Ghana Limited.

According to the government, it has taken note of the recent agitations, demonstrations and media complaints by aggrieved customers after the company failed to honour its contractual obligations.

Though the government expresses sympathy, it has stated categorically that it cannot help the situation.

“While government sympathizes with customers on the difficulties encountered in their transaction with the company, the state cannot and will not resort to the use of taxpayer’s monies to refund customers monies,” a statement signed by Information Minister, Kojo Oppong Nkrumah, Thursday read.