- Nana Appiah Mensah, has called for calm among his agitated customers
- According to him, Menzgold is preparing to release all locked-up cash
- Menzgold has not been able to pay matured returns to its investors since the Security and Exchanges Commission (SEC) ordered it to suspend its gold trading operations to the public
The Chief Executive of Menzgold Ghana Limited, Nana Appiah Mensah, has pleaded with customers to remain calm, insisting they company will soon pay them their dividends.
The gold dealership firm has been in the news in recent months following disagreements with the Bank of Ghana (BoG) regarding its operations.
The latest development is the order from the Securities and Exchange Commission (SEC) to have the company shut down its gold trading activities.
Two weeks ago, management of Menzgold announced a schedule that will be used to pay customers their returns.
This was after two postponements, which sparked panic withdrawals from some concerned investors.
But although some customers have received theirs, others are still in the dark as to when their dividends will be paid to them.
Responding to this, the CEO of Menzgold urged customers to remain calm and assured that “we will pay you”.
In a Twitter post, Nana Appiah Mensah said his company has a reputation to protect and will therefore pay all clients what is due them.
“I humbly urge all Menzgold clients to kindly remain calm, as we prepare to COMPLETELY SETTLE all entitlements of any magnitude soon. We've got brands & names to protect. Self-restraint now is critical to maintain public peace & order. All is well,” he wrote.
Meanwhile, Menzgold has taken legal action against the Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC) following weeks of inconclusive discussions.
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