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Menzgold customers to lay wreath, commemorate 2nd anniversary of collapse of company Sept. 12

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The Coalition of Aggrieved Customers of Menzgold will on Saturday, 12 September 2020 organise a wreath-laying ceremony in memory of the over 64 customers who lost their lives due to the lock-up of their investments in the collapsed gold marketing company.

The ceremony forms part of activities to mark the second anniversary of the collapse of the company.

“All customers of Menzgold are expected to converge on Dzorwulu, Accra, near Menzgold’s head office at 10 am for the two-hour ceremony,” a statement from the customers said adding that “There will be adequate security by the Ghana police.”

The Bank of Ghana and the Securities and Exchange Commission (SEC) ordered the shutdown of the gold-trading firm across the country on Thursday, 12 September 2019 over regulatory infractions.

SEC indicated that upon evaluation of the documentations of Menzgold, the company did not have the licence to deal in gold-trading citing that its operations breached Act 929 and as well-posed “as a threat to unsuspecting and uninformed investors”.

Customers have had their monies locked up in the company since then.

Series of demonstrations across the country to get authorities to refund their monies have proved futile.

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