Aggrieved Menzgold customers to walk to presidency; petition Akufo-Addo Sept 12

Some aggrieved customers of the defunct gold collectable company, Menzgold, have served notice to walk to the office of the president to intervene in the payment of their locked-up funds on Monday, 12 September 2022.
The walk according to the group will start from customs car park near Ministry, Accra to the Independence Square for press briefing and from there present a petition to the President at the Jubilee House.
The operations of Menzgold were shut down in September 2018 by the Securities and Exchange Commission.
The company's operating license which had initially been granted in 2014 by the Minerals Commission of Ghana was primarily for gold trading and export.
However, as reports of a gold-investment scheme with high returns started to circulate, the Bank of Ghana begun to publish warnings which cautioned citizens to be wary of dealing with the firm and warned the firm against taking cash deposits.
Some customers were adamant while the company also called the bluff of the regulatory authorities.
Customers deposit at Menzgold have been locked out since the shutdown and can't access their investments, leading to numerous demonstrations at its various branches to no avail.
Trending Business
President Mahama swears in Matilda Asante-Asiedu as Second Deputy Governor of Bank of Ghana
02:58Minister of Energy and Finance engage Karpower on legacy debt
17:21CEMSE urges PUWU to support private sector involvement in ECG revenue mobilisation
14:19COCOBOD halts Cocoa roads projects over GH¢4 billion debt – CEO
10:09Free Zones Authority CEO visits Blue Skies juice factory in Dobro-Nsawam
03:57NPA boss calls on IGP to seek collaboration to fight fuel diversions
03:15Cedi appreciates significantly in April as global dollar weakness boosts emerging market currencies — MP
02:56Zoomlion clarifies contract with YEA amid public concerns
00:30Finance Minister vows lasting economic stability and lower food prices in meeting with FABAG
08:46Bawumia’s Gold for Reserve Programme is anchoring the Cedi – Kofi Bentil
13:27