Aggrieved Menzgold customers to hold nationwide demonstration

Aggrieved Menzgold customers to hold nationwide demonstration

- A group calling itself ‘Aggrieved customers of Menzgold’ has threatened to embark on a nationwide demonstration

- The leader of the group, Timothy Binob, said the date for the demonstration would be released soon

- He said Menzgold had failed to fulfil any of its payment promises to customers

Angry customers of gold dealership company, Menzgold Ghana Limited, say they will embark on a nationwide demonstration by the end of October.

The spokesperson of a group calling itself ‘Aggrieved Menzgold Customers’, Timothy Binob, said the exact date for the demonstration would be announced at a press conference to be held later this week, according to a report sighted by on

Mr. Binob explained that the customers all over the country were expected to take part in the demonstration.

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According to him, the nationwide demonstration is for the customers to express their displeasure at the company’s failure to pay them the extra value on their investments as promised earlier.

He revealed that the customers were yet to receive any official communication from the company on what percentage of the total value of gold traded would be refunded to them.

The aggrieved customers have demanded a fifty percent refund within four weeks, but Menzgold says it may be able to pay only a portion of what is being demanded.

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It is a nationwide demonstration, and Tarkwa and Kumasi will all be part. So we are liaising with them and all of them will also come with their buses. We will convey a press conference very soon maybe at the end of this week so we announce the date of the demonstration,” Mr. Binob said, while calling on all customers to come on board.

He decried the rate at which Menzgold had taken the customers for granted, saying that the gold company had failed to fulfil any of its payment promises to them.

We have been promised by the firm and for several times they have not fulfilled their promises. They gave us a four week period to come on out with a percentage they will be paying, but none of the customers have received anything. No customers has received any money; not even a single one,” Mr. Binob lamented.

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Meanwhile, in an earlier report by, the Chief Executive Officer (CEO) of the company, Nana Appiah Mensah, asked all customers of Menzgold to remain calm while the company prepares their payment.

But some of them have blamed the situation on President Akufo-Addo, the Bank of Ghana, and the Securities and Exchange Commission (SEC).

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