About 200 Menzgold customers have received locked up cash- Management


Management of Menzgold Ghana Limited has announced
that about 200 of its customers have received their locked-up funds.

According to the management of the collapsed gold
dealership firm, these customers are the first batch to have been paid.

The company which has been struggling to make payment
after it was shut down in 2018 promised to begin payment to customers from
today [December 27, 2019] despite stiff opposition by some of the disgruntled

In an interview with Citi News monitored by Ghgossip, Communications Director of Menzgold Ghana, Nii Armah Amarteifio expressed the company’s commitment to settle all outstanding debts.

“I can confirm to you that by the Grace of God today we commenced payment and we were able to pay two hundred people today. I will not give you a range but I can tell you for a fact that as we promised our customers that we will commence payment on the 27th December that is today, we have been able to do that and by the Grace of God we’ve been able to pay about two hundred people today, who fall in the zero categories as we indicated in our press statement.”

“You will be called first; a call will be
placed to you and you will be asked to confirm your bank account number if that
is done, the money is transferred into your account; that is done by the third
party. The most important thing is that we are making payments to customers and
today we were able to make payments to about two hundred customers”, he added.

The embattled gold dealership firm had announced earlier that it will from Friday, December 27, 2019, begin paying customers they are locked up funds which have been in arrears for the past three years.

Since the collapse of the company in 2018 following a
suspension order from the Securities and Exchange Commission (SEC) has been struggling
to refund monies invested by the customers.

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