Menzgold has been in the news in recent months following disagreements with the Bank of Ghana (BoG) regarding its operations.
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Irate Menzgold customers storm Dzorwulu office
Gold dealership Company, Menzgold was hit by another blow, after scores of angry customers today, Monday, December 24, 2018 stormed the Dzorwulu office of the company in Accra, to demand their locked-up investments.
Menzgold
The development is the order from the Securities and Exchange Commission (SEC) to have the company shut down its gold trading activities.
Consequently, the company has halted its collectibles and all other new businesses related to its gold vault market, albeit temporarily.
CEO of Menzgold, Nana Appiah Mensah
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This as usual triggered mass panic withdrawals from the firm, with customers besieging Menzgold's offices across the country to demand their deposits.
However, the gold firm has petitioned parliament to help the company to amicably resolve its regulatory issues with the SEC so it can pay all entitlements owed its clients.
In the petition to parliament's Finance Committee on December 3, 2018 and signed by Corporate Manager, Offie Nana Yaw on behalf of the CEO, Menzgold said it wants members of the committee to intervene in the standoff for the benefit of its customers.
"We humbly write to your high office to intervene and help resolve this matter amicably," portions of the petition said.
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