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Menzgold Begs Customers to Halt Demo


The leadership of the beleaguered investment company, Menzgold Ghana Limited, has appealed to angry customers to bring to a halt their planned nationwide demonstration.

The protest, scheduled for Tuesday, November 27, 2018 will be unnecessary since the company has saddled itself to pay customers their locked investments, the company has revealed.

Speaking to Accra based Citi FM, Head of Communications at the investment company, Nii Armah Amarteifio said, aggrieved customers who are still unsure about the payment of their investments must approach the company and dialogue, rather than hit the streets.

“It is their civil right to go on a demonstration. I urge them to call off the demonstration because as it stands, the promise that we made to them regarding the payment of the 15%, I know most of them are complaining that they have not seen or heard people being paid. But the fact is that we are paying so I urge them to come, so we sit down and have a discussion on the matter,” he appealed.


But leadership of the aggrieved customers say their demonstration will go on as planned.

According to them, Menzgold’s sudden intervention is simply to derail them from their said plans.

The customers said the company had already reneged on several promises to pay an agreed 15 per cent of their principal.

Some members of the Coalition of Aggrieved Customers of Menzgold Company Limited had on Wednesday, issued a notice to embark on a massive demonstration on Tuesday.

Clad in red and black―signifying war against their investee, customers of Menzgold had trooped the International Press Centre in Accra, to make known their grievances.

Their message to the leadership of the investment company is simple― “pay us our money or face our wrath.”

“If Menzgold does not facilitate payment of our monies in the coming week, what we shall see in this country may not be nice. We don’t want to exert violence, so we plead for government’s intervention,” a leader of the group said.

Meanwhile, Minister for Finance, Ken Ofori Atta has emphasised that government has no intention of bailing out customers of Menzgold.

According to him, it is not government’s place to refund the monies of the angry customers adding that, the customers out of greed, had invested more than they should have.

By: Grace Ablewor Sogbey/

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