Businessman and philanthropist, HRH Oscar Yao Doe has expressed the believe that when elected next president, Mr. John Mahama has the capacity to help Ghanainans who lost money to investments in (now defunct) Menzgold, suggesting key ways he should adopt to resolve the saga and make them smile again. He said this move should be one of Mr Mahama's first set of priorities. The reputable businessman also advised that such module should also be adopted by the new administration in the cases of other collapsed funds manager companies and micro finance institutions, Etc. Among the suggestions he made is the setting up of a MenzGold Recovery Trust fund which should take care of the final compensation of depositors, which he said is achievable unless .Nam1 (Nana Appiah, Menzgold CEO) himself is not willing to compromised for the sake of the affected customers.
He gave these advice in a public post today. Read it below...
Best Approach To Resolve MenzGold Saga:
I Strongly Believe (This Is) The Best Way For Former President John Mahama @officialjdmahama To Deal With The MenzGold Issue If He Wins; Helping Affected Customers Should Be The First Priority. Second Priority Is To Bring Nam1 Into A Negotiating Table As Follows:
1. Set Up MenzGold Recovery Trust.
2. The Trust Should Engage In Honest & Straightforward Discussion With Nana Appiah (Nam1) And MenzGold Team.
3. The Main Aim Of The Discussion Is To Encourage Nam1 & MenzGold To Voluntary Put Forward Significant Part Of His/Their Assets To The MenzGold Recovery Trust.
4. Then Base On This Mutual Agreement The MenzGold Recovery Trust Should Evaluate The Value Of The Asset.
5.After Evaluation, The MenzGold Recovery Trust Should Guarantee Payment Of The Affected Customers To The Government.
6. Government Should Then Act Swiftly Base On This Guarantees To Pay All MenzGold Depositors To Alleviate Thier Pain And Suffering.
7. Measures Should Be Put In Place To Avoid Such Situation In The Future.
This Is Doable. Unless Nam1 Himself Is Not Willing To Compromised For The Sake Of The Affected Customers? Which I Hope Will Not Be The Case.
This Module Can Also Be Applied To Other Collapsed Fund Managers, Micro Finance, Etc.
Many Affected Customers Are Going Though Pain And Suffering And That Should Be The Main Priority. This Actions Should Be Acted Upon Within 100 Days.