Menzgold announce payment roadmap to settle aggrieved customers

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Inoperative gold trading investment firm, Menzgold Ghana Limited has announced to the populace a final payment roadmap to settle all claims of its aggrieved customers.

It would be recalled that the company became inoperative after the Securities and Exchange Commission (SEC) shut down its operations in the country in September, 2018.[ads2]

During that period, the company was instructed not to accept new investments and also discontinue its advertisements in the broadcasting space.

This was because, SEC disclosed that 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”.[ads3]

It shut down saw many Ghanaians who have invested in the company ineligible to make withdrawals.

After three years of the shut down, the investing firm has announced that it is starting the final phase of an audit of documents of customers that will lead to the payment of all claims.[ads4]

“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.