Help us to retrieve locked-up investments - Menzgold customers beg Otumfuo

Gold dealership Company, Menzgold was hit by another blow, after scores of angry customers today, Tuesday, January 8, 2019 staged a demonstration at Kumasi in the Ashanti Region, to demand their locked-up investments.

Menzgold customers burn car tyres

The customers blocked roads leading from Adum to Amakom and burned tyres.

They are calling on President Nana Addo Dankwa Akufo-Addo and the Asantehene Otumfuo Osei Tutu II to intervene in the matter and assist in recovering their investments.

The aggrieved customers defied Police orders to stage the protest.

The Police on Monday warned them to call off the demonstration since they did not follow due process as spelt out in the Public Order Act.

A statement by the police said "The leaders of the Intended demonstrators" turned down the invitation extended to them by the Police Command and insisted on embarking on the demonstration. As such, they are being warned to rescind their decision since embarking on such demonstration will be deemed illegal. Therefore, whoever takes part in the demonstration will be dealt with according to law."

Public Affairs Officer of the Ashanti Regional Police Command, Assistant Superintendent of Police (ASP) Godwin Ahianyo, said an invitation to the group to make an arrangement for a new date to be fixed for the demonstration was turned down.

Menzgold has been in the news following disagreements with the Bank of Ghana (BoG) regarding its operations.

The development is the order from the Securities and Exchange Commission (SEC) to have the company shut down its gold trading activities.

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