Management of Gold Trading Firm Menzgold says it will from today (October 9), start payment of dividends to customers. Meanwhile customers who wish to terminate their investment with the Company, will receive full payment on their investment in 90 days.
Menzgold made this known in a statement in Accra. The statement is part of an agreement reached with a section of its customers at a meeting in Accra on Sunday (October 7). Menzgold further indicated that it may not be possible to pay all customers 50% of the total value of gold traded as suggested.
It was however quick to add that the company’s board has directed management to “asses the company’s potential cash flow and determine the exact percentage that can be realistically honoured by the company to all customers in four (4) weeks.
The company said the percentage to be paid these customers will subsequently be officially communicated in a statement and by direct communication with each customer.
Menzgold has not been able to pay matured returns to its investors since the Security and Exchanges Commission (SEC) ordered it to suspend its Gold trading operations to the Public.
