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Spencer Wan Blog of Saturday, 1 February 2025

Source: Eric Afatsao

Include GHC 200 million in your initial budget for Menzgold customers like us.

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Customers of Menzgold who feel wronged have pleaded with President John Dramani Mahama to include them in his initial budget announcement.

In order to compensate the more than 11,000 members whose funds were frozen with the now-defunct organization, Fred Forson, the group's convener, thinks that they will need about GHC 200 million.

They hoped that the new government would take action after he bemoaned the failure of all attempts to recover their frozen monies.

In an interview with Rainbow Radio 87.5FM's Frontline, he voiced his worry about the challenges the members have had due to the company's issues over the years.

He sent a notification that they would not let the issue go unsolved and would instead continue to be strong.


He said the customers need their locked-up funds released because a lot of them have suffered with’235 dead, out of which three or four persons committed suicide’’.

Fred Forson emphasised that the Menzgold saga has rendered people homeless, destroyed marriages, left others with strokes and various degrees of medical issues, and caused mental health-related problems.

”President John Dramani Mahama’s administration is new, and we understand that people have expectations, as do we. Our request is that the President allocate Ghc200 million in his maiden budget. We understand how tight and competitive it is, especially when competing interest groups want their concerns addressed in the budget. Our problem is also dire and requires serious action. We are asking him to set aside at least Ghc200 million. He had been the best ally when he was in opposition, so now that he is President, we are waiting patiently for him to invite us over. We are willing to accept it even if he can only do half of the GHC 200 million.’’

By: Rainbowradioonline.com/Ghana