Menzgold Customers Demonstrate

Members of the Coalition of Aggrieved Customers of Menzgold on Tuesday, 27 November 2018, hit the streets of Accra to protest against the management of the gold-trading firm in demand for the payment of their full principal investments  locked-up with the company.

According to them, Menzgold’s assurances to pay them an agreed 15 per cent of their principal after the woes of the company has failed, hence the demonstration.

Scores of customers of the troubled gold dealership entity who were largely cladded in red and black apparel pleaded with the government to urgently intervene to enable them retrieve their investment.

The company was asked to shut down its Gold vault trading by the Security and Exchange Commission (SEC) in August, after its brushes with SEC and BoG over the company’s operations.

The state agencies insist Menzgold does not have the licence to conduct business in the manner it was doing by paying dividend to clients.

Meanwhile, the company has shifted its operations online to replace their initial business of trading gold with customers and paying dividend at their offices.