ADVERTISEMENT

Ghanaians troop to Menzgold for deposits after SEC letter leaks

"I just want my money. That is why I am here," a customer tells Pulse Ghana after SEC's letter to Menzgold leaks.

This comes after the Securities and Exchange Commission (SEC) ordered Menzgold to stop operations with immediate effect.

In a letter dated September 7, 2018, the Deputy Director of the SEC said that after a meeting with some officials of Menzgold they have demanded further documentation to make decisions.

Until that time, they have asked the company to stop business operations.

ADVERTISEMENT

Information reaching out to customers about the order by the Securities and Exchange Commission (SEC) has sparked some panic from people who have invested with the company.

Pulse.com.gh’s visit to Menzgold saw a number of cars parked along both sides of the road at the Lagos Avenue branch at East Legon with hundreds of people there to get clarifications.

"I'm worried. I want to terminate my account. But that will cost me 25% of my money," one person told Pulse.com.gh in an interview.

"I just want my money. That is why I am here. All I need is my money," another added.

ADVERTISEMENT

Others, however, did not seem perturbed. They accused the Akufo-Addo-led government of deliberately closing the firm.

"The government just wants to frustrate this business," one person said.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.com.gh

ADVERTISEMENT