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Prez Akufo-Addo breaks silence on Menzgold saga at 2019 SONA

President Nana Akufo-Addo has broken his silence on the Menzgold saga pledging to ensure that schemes created to swindle Ghanaians of their monies are nipped in the bud.

Read Also: Court orders for the arrest of celebraties who endorsed Menzgold (Video)

At his third State of the Nation Address in Parliament, the president indicated a mega regulator in the financial services sector has been established to screen the activities of investment schemes that make fantastic and unsustainable returns to unsuspecting customers.

Read Also: Mahama to pick Zanetor Rawlings as running mate in 2020?

Menzgold is reported to have a client base of about 60,000, all of which were promised between 7% to 10% returns on special gold collectibles bought and deposited with the company.

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