200 Menzgold clients go on a demonstration in the Western region

200 Menzgold clients go on a demonstration in the Western region

- About 200 clients of Menzgold Ghana Limited have taken part in a demonstration in the Western region

- They are calling on the government to intervene so that they can access their deposits

Information available to YEN.com.gh shows that about 200 clients of beleaguered gold firm, Menzgold Ghana Limited, have hit the streets at Tarkwa in the Western region.

According to a report by Dailyguidenetwork.com, the customers are calling on the government to intervene, so that they can access their deposits.

Their action follows other demonstrations by Menzgold clients that occurred in Accra and Kumasi in the Greater Accra and the Ashanti regions respectively.

READ ALSO: Police declare NDC Hawks 'wanted' over Kumasi shooting

In September 2018, the Securities and Exchange Commission (SEC) ordered that Menzgold shut down its operations, a decision that resulted in the lockup of funds of clients.

The chief executive officer of the company, Nana Appiah Mensah, is currently in Dubai, facing charges with regard to a fraudulent gold deal involving an Emeriti firm, Horizon Royal Diamonds.

He was reportedly arrested on December 7, 2018 after leaving Ghana for Dubai, passing through some African countries.

YEN.com.gh earlier reported that Mensah, also known as NAM1, stated that dividends cannot be paid to clients at the moment as a result of the actions of the SEC.

READ ALSO: Gunshots at NDC's Ashanti regional HQ; one feared dead

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Source: Yen.com.gh

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