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The outlawed gold dealing and investment firm, Menzgold, has outlined a final road map to resolving issues concerning the closure of the firm and ways through which they can get the firm back to its former state.

The company in a press release, stated various they steps they have taken and to yet to be taken, to ensure all issues are resolved, including payment of debts.

According to the release signed by Nii Amarteifio, the head of communications, various audit services will be conducted to interview their clients/traders to ascertain facts to clear their doubts concerning questionable adverse discrepancies and irregularities that characterize some transaction claims received for audit and its subsequent payment.

It further stated that invitations will be extended to some individuals between 3rd October 2021 to 6th December 2021 to for interactions in order to justify irregularities.

Menzgold’s operations were shut down in September 2018 by the Ghana Securities and Exchange Commission after its operations were suspected to be fraudulent.

The company’s operating license which had initially been granted in 2014, was revoked by the Minerals Commission of Ghana had primarily been for gold trading and export.

However, as reports of a gold-investment scheme with high returns started to circulate, the Bank of Ghana begun to publish warnings which cautioned citizens to be wary of dealing with the firm and warned the firm against taking cash deposits.

The government , despite the ignorance of the warnings by the citizens, has also promised to everything within its power to help retrieve the money of the affected customers.

Below is a copy of the press release.

Joshua Narh

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