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NDC Is The Mother of Ponzi Schemes; Every Dubious Business Was Set Up Under Their Watch - Tarkwa-Nsuaem MP   
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George Mireku Duker, NPP MP For Tarkwa-Nsuaem has blamed the opposition National Democratic Congress (NDC) for creating enabling environment for Ponzi schemes in the country.

According to him, every business in Ghana that has eventually turned out to be a sham has its roots deep in the NDC.

He made this comment during a panel discussion on Menzgold saga on Peace FM's ‘Kokrokoo’ on Friday, January 19, 2019.

Chronicling the genesis of Menzgold, a gold dealership company owned by Nana Appiah Mensah popularly called NAM 1; Hon. Mireku Duker noted that the company began as a financial institution between the years 2014 and 2015 but their activities were found to be shady and the Bank of Ghana issued a stern warning for them to stop operations.

The company then turned into Menzgold and all these transformations happened under the tenure of the NDC, he highlighted.

He wondered why the NDC failed to whip Menzgold and its Chief Executive, Nana Appiah Mensah into order but turned a blind eye to their activities and watched them develop muscles.

To him, the NDC is characterized by Ponzi schemes and therefore has no moral right to reprimand President Nana Akufo-Addo and his government for taking necessary steps to clamp down on individuals and companies which are into Ponzi schemes.

Hon. Mireku Duker further disclosed that in 2012, a formal complaint to the Police that Nana Appiah Mensah had duped some people but the NDC government in power did nothing about the case and so the Menzgold boss went scot free.

“The same NAM 1 duped 53 people and they reported the case to the Police but the NDC didn’t do anything about it. He went scot free”, he said, stressing that "all Ponzi schemes happen in the tenure of the NDC. Anything Ponzi in Ghana, any time there is a scam; it’s the NDC. People find fictitious and dubious ways to set up Ponzi schemes to ruin Ghana anytime the NDC comes into power because they create enabling environment for these Ponzi schemes”.

Source: Ameyaw Adu Gyamfi/Peacefmonline.com/Ghana

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