Demonstration in Kumasi; Menzgold customers

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Some aggrieved customers of Menzgold Ghana Limited are staging another demonstration in the Ashanti Region capital, Kumasi today [Tuesday].


Despite signs that the company may not be able to conveniently pay them their locked up monies, the customers say their protest is to impress upon them to release the funds to them.
The demonstrators, according to Citi News’ Hafiz Tijaani, numbering over fifty, have blocked access to Adum from Amakom road, and are demonstrating in front of the company’s Amakom office amidst burning of lorry tyres.


Previous efforts by the customers targeted at the company have failed to yield any positive results.
The spokesperson of the coalition of aggrieved customers of Menzgold, Francis Owusu in an earlier Citi Newsinterview said they also want to impress on other stakeholders in the country including President Akufo-Addo to intervene and assist them recover their investments.

The customers have for the past six months, been demanding the payment of their principal investments after the gold dealership company was instructed by the Securities and Exchange Commission to halt their gold trading operations with the public.

Meanwhile, the police in the region has ordered the group to back down on their action because it is “illegal.”
The Police in a statement copied to citinewsroom.com said the group had failed to procedurally inform the police about their action in advance.
It said attempts to reach out to the leadership of the group to hold a meeting to discuss the intended action did not yield any result

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