General News of Friday, 12 October 2018Source: kasapafmBoG and SEC could’ve saved us earlier – Menzgold customersSome customers have given the company four-weeks to pay all customers 50% of their investmentsCustomers of embattled gold dealership firm, Menzgold in the Ashanti Region are blaming the Security and Exchange Commission (SEC) and the Bank of Ghana for not being proactive in stopping the firm from operating. The aggrieved customers whose monies have been locked up with Menzgold say their frustration and disappointment is with SEC and BOG who failed to take decisive actions earlier than they have done. If they were proactive, it would have saved thousands of people from investing with Menzgold. Meanwhile, a group calling itself ‘Aggrieved Customers of Menzgold, has given the company a four-week ultimatum to pay 50% principal investments of all customers. “We recognize the difficulty Menzgold faces should it attempt to pay all customers at a go.

Source: GhanaWeb October 12, 2018 15:00 UTC