- Aggrieved Menzgold customers finally release date for demonstration against the company for reneging on payment of dividends
-The demonstration is scheduled to take place Tuesday, 27 November 2018 , at 7am
A group calling itself the Coalition of Aggrieved Customers of Menzgold Company Limited have disclosed that the would be demonstrating, come Tuesday, 27 November 2018.
They would be demonstrating to register their displeasure against the management of the gold-trading firm, to demand full payment of their principal investments locked up with the company.
According to them, the company has defaulted on its several promises to pay them an agreed 15 per cent of their principal.
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Chairman of the Coalition, Timm Binob said the demonstration will start fromm the Obra spot, Kwame Nkrumah circle at 7 am prompt.
He explained that the company after several meetings with the Securities and Exchange Commission (SEC) and the Bank of Ghana ,promised to pay 15 per cent of their principal .
He added the company promised to pay the first tranche, by way of fulfilling their promise and obligations to pay fully the remaining percentage to them within 90 days beginning from 9 October 2018.
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Binob lamented that they still haven't been paid since that promise was made them.
Menzgold has been unable to pay its clients their dividends due to an ongoing battle with SEC and the BoG over its operations.
While the state institutions say the company has not been licensed to take deposits, Menzgold insists it does not take deposits and does not answer to the two institutions.
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