Menzgold customers cannot be included in government’s bailout - SEC
Jonas Danquah 
The Security and Exchange Commission (SEC) has dismissed a request by the Coalition of Aggrieved Customers of Menzgold Ghana (CACM) to be included in the government’s bailout fund set up to pay locked up funds of depositors of defunct financial companies.
SEC in a statement signed by the Director-General, Reverend Daniel Ogbarmey Tetteh, said that the target of the bailout was clearly defined and did not cover Menzgold customers.
“The SEC has noted with concern the plight of customers of Menzgold due to the company’s failure to return client’s funds. Unfortunately, your request for inclusion cannot be acceded to because the target of the bailout is clearly defined and does not cover Menzgold customers”
It also noted that Menzgold was not an asset management company regulated by the SEC.
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Read full statement from SEC below
