Elsewhere, their Parliaments would have long commenced a full blown bi-partisan enquiry into this Menzgold debacle.
In the very least, the Terms Of Reference would have included:
An understanding of the Menzgold business model to really ascertain if it does fit the classical definition of a Ponzi scheme;
If indeed it was a Ponzi scheme, how was Menzgold allowed to operate all these years?
What led to the inability of the State to carry out it’s basic non-negotiable public duty of protecting citizens by the seeming abdication or impotence or complicity of regulators, tax authorities and the national security apparatus?
An assessment of the impact of Menzgold’s collapse on the economy and mitigation options;
The true circumstances of how Nana Appiah Mensah left Ghana and if indeed he is on the run;
Exploring possibilities for the compensation of the millions of Menzgold victims especially after a thorough credible independent tracking of Nana Appiah Mensah’s assets and bank accounts across the world;
An examination of the existing legal and enforcement climate in Ghana which makes it possible for such to happen and recommendations to forestall future occurrence seeing that apparently many of such schemes are going on waiting to explode in our faces in a matter of time.
I sincerely pray for the day our parliament will shed off it’s rather sad reputation of being weak and tied to the apron strings of the Executive.
I sincerely pray that some colleagues across the aisle will have the courage to join those of us on this side who believe we can look into this matter in the supreme interest of Ghana irrespective of partisan considerations and really depart from the farcical precedents of recent bi-partisan probes where partisanship trounced truth and conscience.
Even though I am in no way connected to Menzgold, neither am I one of their victims, contrary to infantile fabrications in circulation; it is my considered view that those of us in elected office and who ought to act as the true representatives of the people cannot afford to fold our arms and merely join the greed and naivety chorus.
Leaders and especially the people’s representatives cannot abandon nor betray their constituents in such a crude manner as being suggested by some. That would not be the kind of representative democracy Rt. Hon. Justice D.F. Annan, Rt. Hon. Peter Ala Adjetey, Hon. J.H. Mensah and others laid down their lives for.
May this 7th Parliament stand up to be counted and may history not say of us that we were the representatives who failed to represent the people and failed to secure the people's future when the opportunity beckoned.
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when majority are hooked on non existent free things which politicians often use to get power and mess up
Sub standard grammar.
It still looks like people can't detect that menzgold was a Ponzi scheme .The guy did a good job .They should go back and investigate all scam and fraud cases us tilapia. When you get them ,stip them of all resources acquired both legally and illegally , give them a minimum of 50 years imprisonment with hard labor ,that is the only deterrent .What the mp must request for is the sec and bog to be questioned on how it happened and what been done to protect Ghanaian s in the future .I heard that an advert that was on radio concerning land at Shia buy 2 get 1 free was a scam .It seem the government should set up an advertising monitoring agency under EOCO and cid so that they monitor this companies and do a background on the director s and also have clearance before advertising in the media or and fine rm of advertisement .This will make it easy for any investigation in times of fraud.
ask your government, because he got the license from the time of your government
Opportunistic & Wicked person like this Baby with SHARP TEETH. NDC allowed this guy to operate since 2014 where he was changing like a chameleon! INCOMPETENT indeed!