Former president Jerry John Rawlings has reacted to reports that suggesting he has some money locked up with the embattled Menzgold Ghana Limited.

According to the ex-president, he has no money to waste on such a questionable business venture.

In a Twitter post on Sunday, Ralwings wondered why Menzgold has still not come out to speak on the list making rounds on social media about prominent personalities who reportedly invested with the gold dealership firm.

“Shouldn’t Menzgold be reacting to this silly list making the rounds on social media?” he quizzed.

“I do not have a stash anywhere to waste on questionable ventures and doubt others on the list involved themselves in this mess,” he added.

Menzgold has been in the news in recent times following the company’s troubles with state regulatory bodies over its operations.

The Central Bank and Minerals Commission maintain that the company has been taking deposits and locally selling gold despite not having the requisite license to do.

However, the seriousness of the issue was confirmed last September when the Securities and Exchange Commission (SEC) directed the gold dealership firm to shut down its gold trading activities.

Currently, the operations of the company remain closed to the public, with several customers agitating for a refund of their investments.

Last Tuesday, there were fresh protests as aggrieved customers hit the streets once again in Kumasi in the Ashanti region.

Meanwhile, the CEO of Menzgold, Nana Appiah Mensah has been declared a wanted man both on and off the shores of Ghana after a warrant was issued for his arrest.

CEO of Menzgold, Nana Appiah Mensah CEO of Menzgold, Nana Appiah Mensah

On Wednesday, an Accra Circuit court issued a warrant for the arrest of the embattled businessman on charges of defrauding by false pretense.

This follows the inability of Menzgold to make refunds to aggrieved customers whose investments remain locked up with the gold dealership firm.