Nam1’s Menzgold to pay all customers on 20th December,PRESS release has indicated.

This comes many years after the company was shut down by the government.

Menzgold was banned from operating in 2018.

It would be recalled that as reports of a gold investment scheme with high returns started to circulate, the Bank of Ghana begun to publish warnings which cautioned citizens to be wary of dealing with the firm and warned the firm against taking cash deposits which unfortunately yielded no positive results.

Portions of the statement read;

“Menzgold shall proceed to pay the final publicized list and total sum from the 20th December, 2021 to 30th June, 2022 in our quest to give final closure to this very depressing matter and to restore our dear enviable Company’s integrity,” 

“Additionally, we have discovered shocking evidence that points to the fact that, some claimants purporting to be indebted to by Menzgold transacted through third parties; some unethical Menzgold and Brew Marketing Consult staff members and in other instances via referrals, mostly close relations who took delivery of their funds under the pretext of signing them unto to the Menzgold

“Gold Vault Market” but ended up engaging in the many cryptocurrency products on sale on the Ghanaian market, with a monthly return on investment (ROI) ranging between thirty and sixty percent (30%- 60%).

Have a look at the full statement below.

Nam1's Menzgold to pay all customers

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