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About 200 Menzgold customers have received locked up cash- Management

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 clients.

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.

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“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.

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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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