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Menzgold customers express confidence in company despite shut down

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Dozens of customers of gold dealership company Menzgold who massed up at the company’s branches have expressed confidence in the operations of the company.

This comes after management of Menzgold temporarily halted some of its operations following a directive from the Securities and Exchange Commission (SEC).

Menzgold Ghana Limited temporarily halted all extra value payment and any new business related to its gold vault market on Thursday September 13, 2018, following a directive from the Securities and Exchange Commission. The Company in a statement said it took the decision to help address all pending issues related to the Gold Vault Market Product.

According to some customers of the Company, they are confident in Menzgold and believe their monies and investments are safe with the Company in spite of the recent happenings and warnings issued by Bank of Ghana to the public to desist from doing any business transactions with Menzgold.

A customer of the Company who spoke in camera to our reporter said “If what the government is doing is to frustrate Nana Appiah and also frustrate customers, then they have it all wrong. We will continue to be customers of Menzgold.”

Other customers further explained that they were at the premises of Menzgold because their monthly dividends were due.

Another customer also pledged support  for Menzgold. “We are in full support and there is no customer of Menzgold here who is panicking. No, in fact this is rather giving us the assurance that the CEO (Nana Appiah) is doing the right thing so we are going to support him.”

Even though some customers have expressed their support, others are calling on Government to ensure that Menzgold is taken through the right procedure to bring an end to the impasse between Menzgold and regulators like the Security and Exchange Commission.

Story by: Mabel Adorkor Annang

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