Menzgold announce final payment roadmap to settle aggrieved customers

Defunct Gold dealership firm, Menzgold Ghana Company Limited has announced that it is set to enter the final phase of engagement with aggrieved customers to settle all claims.

The Securities and Exchange Commission (SEC) in September 2018 ordered the gold trading investment firm to shut down its operations in the country

At the time, SEC also asked the company which had been on the warpath with the Bank of Ghana, not to take new contracts (investments) and also halt the broadcast and publishing of all its adverts forthwith.

According to SEC, evaluation of Menzgold’s documentations showed that the company did not have the licenses to trade in gold, and that, its operations are in breach of Act 929 “as well as a threat to unsuspecting and uninformed investors”.

After the shutdown of Menzgold, Ghanaians who had invested in the firm could no longer access to make withdrawals.

In the last three years, the numerous Ghanaians affected have been chasing the company for their money but to no avail yet.

Today, a release from Menzgold has given the aggrieved customers hope of getting their investments back.

According to the defunct firm, it is starting the final phase of an audit of documents of customers that will lead to the payment of all claims.

“We are commencing the final phase of the audit; this session would be traders/claimants interviews to fully ascertain facts and satisfy ourselves with regards to questionable adverse discrepancies and irregularities that characterize some transactions claims received for audit and its subsequent payment. Hence, invitations would be extended to some individuals,” a statement from Menzgold Ghana dated October 7 has said.

Read the full statement below: