Migrate or terminate your contract – Menzgold to clients

Chief Executive Officer (CEO) of Menzgold, Nana Appiah Mensah has encouraged its aggrieved customers to take advantage of the company’s online platform and migrate on it.

Breaking his silence for the first time on the brouhaha involving his company, the Securities and Exchange Commission and the Bank of Ghana (BoG), he assured customers that his company will pay them their 15 percent off the initial gold collectibles values committed to the buying and selling on the Menzgold ‘Gold Vault Market’ would start on the 9th November, 2018…”

The intention of the company according to him was to pay off the entire amount in 90 days from their previous release. Mr Mensah said for the past five years, the company has been consistent until it started facing challenges with SEC and the BoG.

He also disclosed the company developed a schedule for the paying but due to rush and apprehension, it was halted. He however revealed the company will pay 15 percent of the dividends of all customers who genuinely want to terminate their deal.

In explaining how the payment would be made, he said, the schedule will take into consideration the date of trade commencement of clients, “whether a trader did receive any extra value payment since the trader’s trade commencement or not, how long the trader has been buying and selling gold collectibles on the Gold Vault Market, the total quantity and value of gold collectibles put up for trade on the Gold Vault Market, and the extra value payments frequency received by each trader since the trader’s gold buying and selling tenure on the Gold Vault Market”.

He further assured customers that, Menzgold “would keep customers’ gold buying and selling business actively in session on the online market, to forestall any payment impediments in the subsequent months”. The company he stated will have a ‘’great rebound, be stronger than the previous years it has been in existence and provide better services. We will continue to resolve the challenges, we will also abide by the rules and work within the legal framework in Ghana.’’ The company he stressed has not collapsed as stated by some individuals.

He concluded by emphasising that, the company will stabilise, sustain and grow the Menzgold course, all in our resolve to serve our customers better.

 

Source: rainbowradioonline.com

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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