25.2 C
Accra
Sunday, October 24, 2021
No menu items!

Menzgold management is withholding information- former employees

Must Read

Government lauded for commissioning Phase II of Accra Compost and Recycling Plant

Story By: Henrietta Afful Panelists on the 'GTV Breakfast Show' have hailed the commissioning of Phase II of the Accra...

Be wary of fraudulent letters on Visa Lottery – Cyber Safety Advocate

By Nikita A. D. Quarcoo The US Department of Visa Services has advised the public to be wary about the...

Police intercept truck loaded with Pharmaceuticals at community near Bunso

A cargo truck carrying assorted pharmaceutical products has been intercepted by the Juaboso Police patrol team at a Community...

An association of former staff of Menzgold says management of the company are withholding information from clients whose investments have been stalled, following a shutdown of Menzgold’s operations.

“We want to tell clients that all information rests with management, and their inability to disclose it to staff makes us oblivious to their motives.”

A release signed by Jonathan Machator, Secretary of the Association, Gabriel Kelvin, Convener and Karl Max, Chairman, said client relation officers had no information from management, which made it difficult for clients to be informed about their transactions and the way forward.

“What we find interesting is the betrayal of citizens by the Ghanaian system.”

“Menzgold started and operated in the full glare of the Bank of Ghana (BoG) and the Securities and Exchanges Commission (SEC) with all forms of advertisements, only for these institutions to come out after five years that Menzgold should halt operations,” the release said.

The release continued, “we therefore state that if BOG and SEC had sought for legal interpretation earlier to put them right or wrong, this situation would have been prevented and a better solution would have been sought to ensure the convenience of clients and staff.”

It said the loyalty of the company’s staff to both clients and the company, led to their staying on four months after the company’s shut-down of operations, in an attempt to help rectify the situation.

The release expressed the sincere apologies of the staff to the clients, and gave out the contact cell-phone numbers of the executive members of the former staff association members as Jonathan Machator, Secretary-0202298104, Gabriel Kelvin, Convener-0204995556, and Karl Marx, Chairman-0207914050.

The Securities and Exchange Commission (SEC), on September 12, 2018, directed Menzgold Ghana Limited to shut down its investment operations for contravening the Securities Industry Act, 2016 (Act 929).

SourceGNA

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Government lauded for commissioning Phase II of Accra Compost and Recycling Plant

Story By: Henrietta Afful Panelists on the 'GTV Breakfast Show' have hailed the commissioning of Phase II of the Accra...

Be wary of fraudulent letters on Visa Lottery – Cyber Safety Advocate

By Nikita A. D. Quarcoo The US Department of Visa Services has advised the public to be wary about the increase in fraudulent emails and...

Police intercept truck loaded with Pharmaceuticals at community near Bunso

A cargo truck carrying assorted pharmaceutical products has been intercepted by the Juaboso Police patrol team at a Community near Bunso Nkwanta, a border...

Conference of Major Superiors of Religious in Ghana launches COVID-19 response project

The Conference of Major Superiors of Religious in Ghana has launched a project aimed at reducing the impact of the Coronavirus on the people...

Ada Development Network condemns recent confusion between residents of Ada & Police

The Ada Development Network, has condemned in the strongest terms, what it describes as cowardly attacks and brutalities recorded in some communities between Wednesday...

More Articles Like This