Menzgold to ‘completely settle’ all entitlements – Nana Appiah Mensah assures customers

The Chief Executive of gold dealership firm, Menzgold Ghana Limited has urged clients to remain calm as the company works to pay them their returns.

Nana Appiah Mensah wrote on his Twitter account Saturday that the embattled company has a brand to protect and will settle all entitlements due clients.

“I humbly urge all Menzgold clients to kindly remain calm, as we prepare to COMPLETELY SETTLE all entitlements of any magnitude soon. We’ve got brands & names to protect. Self-restraint now is critical to maintain public peace & order. All is well,” he wrote.

The company has come under fire recently after years of battle with state agencies for the controversial nature of its operations.

According to the Securities and Exchanges Commission (SEC), Menzgold is licensed only to buy gold from small-scale miners and export same.

The company is however not permitted to buy/sell gold collectibles from the public neither does its license permit it to engage in its gold vault dealings.

The Bank of Ghana has also described the company’s dealings as deposit-taking, which it isn’t licensed to do and has constantly warned the public not to deal with the firm.

Recently, Menzgold has constantly postponed payments of returns to its investors, sparking panic and concern among them.

The company was scheduled to pay some of its customers on October 5, but Joy News checks revealed that their offices remained closed.

“There are notices on the building indicating that they have ceased operations until further notice,” Joy News’ Emmanuel Dzivenu reported.

The company noted that fear of attacks from some of the clients forced them to close the offices.

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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