Menzgold Ghana Limited is a gold dealership company registered to operate in Ghana. For past four (4) years Menzgold has advertised its investment products on national television and radio stations. The product that attracted most Ghanaian investors to invest with Menzgold was “GOLD VAULT MARKET TRADING”. This product offered investors with incentives and good returns. As a Ghanaian company, the over 60,000 customers with the spirit to helping a Ghanaian company grow, decided to patronize the services of Menzgold Ghana Limited. Later did we get to know that the company was not licensed to operate?

The Securities and Exchange Commission (SEC) in a letter dated September 7, 2018 instructed Menzgold to shut down their Gold Vault operations. In that letter, the SEC instructed Menzgold to seize to take in new customers and also not to advertise the gold vault product. However, Menzgold disregarded the instruction and continued to accept new customers until Menzgold’s decided by itself to stop full operation on September 13, 2018.

Menzgold has not been able to refund our principals nor pay to us the 10% and 7% dividend we were promised in a contract signed by Menzgold and us individuals. Even at a time when SEC’s directives to Menzgold to only continue to pay existing customers. Menzgold has not been able to pay us.

It is in view of this that, we believe that Menzgold’s business activity is an organized crime. The Government of Ghana Registered this company to operate, They paid tax and Social security contribution of their workers (SSNIT) for five (5) years.
For four (4) months now, Government hasn't made an attempt to arrest those who perpetuated this crime, Bank of Ghana hasn't made any attempt to freeze their accounts and has watched them move monies around neither has the SEC attempted giving Menzgold a strict order to pay all of it, customers.

It is for this  reason that we are convinced that, the Government of Ghana is either in bed with Menzgold and using the state institutions to get over 60,000 Ghanaians to lose their life savings  or the Government of Ghana deliberately collapsed a Ghanaian company and has decided to go to sleep on over 60,000 Ghanaians who have their life savings at Menzgold because according to the finance minister of Ghana, those Ghanaians were GREEDY. 

MY DREAM IS THAT, EVERY CUSTOMER GET THEIR SAVINGS BACK.

THE INEFFECTIVENESS OF STATE INSTITUTIONS BE REMEDIED