Kumasi Menzgold Demo: Police Arrest 7 protesters

Seven (7) protesters among the aggrieved Menzgold customers who staged a demonstration in Kumasi over their locked cash with the financial company have been arrested by the Ashanti Regional Police Command, Myxyzonline.com has learnt.

XYZ News  correspondent in the region, Jonathan Ofori reports that they were caged for  breaching the Public Order Act.

The Police had to forcibly break the violent demonstration on Tuesday morning when they blocked roads and began burning tyres to show their anger over government’s reluctance to intervene in getting them their funds, after the Security and Exchange Commission (SEC) ordered Menzgold to stop its operations in September last year.

The Ashanti regional Police Command had earlier issued a statement warning the organizers to suspend their intended action or face the consequences but that was defied.
As early as 6am, some of the aggrieved customers who are angry with government’s seeming silence on calls to help retrieve their investments started burning lorry tyres amidst chanting.

The Police according to a statement signed by the Ashanti regional Police Public Relations Officer, ASP Godwin Ahianyo, invited the organizers for an amicable settlement on a new date but they snubbed them.
XYZ News sources say the decision may have been informed by the planned visit by President Nana Akufo Addo to the region to launch the Zongo For Peace Program in the region.
But the customers are angry they will resist any attempt by government to suppress them after demonstrating lack of interest in their plight contrary to the position it held on a similar ponzi scheme saga in 2016, involving micro finance company, DKM when the NPP was in opposition.

The Police are patrolling highstreets in Kumasi to prevent the customers from reassembling. XYZ Newshas also learnt armed officers have been deployed to secure the Ashanti regional branches of MENZGOLD to prevent possible attacks.
ASP Godwin Ahianyo, Ashanti regional Police PRO confirmed this when he addressed the media during the chaos.

Meanwhile , the Bank of Ghana has stated categorically it has nothing to do with the MENZGOLD customers whose investments have been locked after it closed down the gold trading business.

It comes after an earlier comment by the Finance Minister, Ken Ofori Atta who said those affected were simply greedy because they were forewarned.
2nd Deputy Governor of the Bank of Ghana, Leslie Awadzi disclosed this in a telephone interview with an Accra based radio station.


Source: Ghana/myxyzonline.com