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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Baby with sharp teeth.
This Ablakwah guy is an apology. He talks as if he is new in Ghana
As if Ablakwa just descended from Mars into parliament. Where was this TEETH-general when NAM1 started Operating in Ghana? Was he not in parliament then? to investigate the questions he is asking today? These NDC 1diots are so irritating to the extent that you feel like throwing up whenever they speak to national issues. If government has not changed, the NDC would have plunged Ghana into a ditch!
what do you mean by your party? You see its people like you that have divided this country. You think everything is about NPP and NDC. There is a video from manhyia palace with a spokesperson of Asantehene endorsing NAM 1 and you are scared to talk about it and beating about the bust that Asantehene is not a politician. Mssa Asantehene ismore than a politician if you dont know. Just learn and stop throwing ignoramus salvos.
@Joe , master Asnntehene is not a politician. We are playing politics as your party did to John Mahama in regards to the DKM. Now you are trying hard not to involve Nana Addo. He is deeply involved. He was using this guy to create his so called jobs for the youth and it has backfired big time.
This scam started in your Era, what did you do about it? as usual, your government lived up to its name tag "incompetence". And can you ask your NDC cohorts to stop trying your best to stick this onto the NPP especilly showcasing a picture on NAM 1 and Nana Addo. If you are men with balls why dont you show the pictures he had with Asantehene as well and try to draw him in as well. Stop playing cheap politics with the loss of peoples hard earned money.
ABLAWAH ASK YOURESLF WHY YOUR GOVERNMENT ALLOWED MENZGOLD TO OPERATE UNDER YOUR INCOMPETENT MAHAMA'S WATCH?
Do you wish you could write so well? "Sub-standard grammar" didn't mean you failed to understand what he wanted to carry across? Why do some of you hate to detect substance in people's opinions and instead home in on hate? Some of us can identify erudition when we see one. On the facts of the case itself, I blame Ablakwa for his hypocrisy because most of this Ponzi scheme started during their mandate, when they failed hard-press the BoG to do it's due diligence and never allow fraudulent institutions mushrooming in the country and taking advantage of the weak.
GOOD POINTS. LETS NOT ALLOW POLITICS TO CLOUD OUR OBJECTIVE JUDGEMENTS ON ISSUES.
That is what we expert the government to do they should not sit unconcerned and let the mass suffer. They have to act fast.