MenzGold To Pay Out 50% Of All Gold Deposits In Cash Equivalent To Customers

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The management of MenzGold Ghana Limited has decided to pay out 50% of all gold deposits in cash equivalent.

See Also: TIMELINE: The Ugly, Bad And Awful Things Things That Have Happened Since Menzgold Was Forced To Shut Its Doors

This statement was made in a press statement, which the gold firm released today.

“This decision has been made in order to appeal to our cherished clients and also to minimize the impact of our suit on their customers”. The statement stated.

“We urge that to you be patient with us as we assure you that things will get better and you will receive the remainder of your principal as time goes on, for those who still wish to continue trading with us, your extra values will be paid as per our contract as we battle SEC and BOG in the court of law”. The statement added.

See Also: Here Is Why Menzgold Has Sued The Bank of Ghana And The Securities And Exchange Commission

“Note that the above is for customers whose deposits were made before the 13th of September 2018. The statement concluded.”

Below is a copy of the press release:

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