The management of Menzgold says they are unable to generate any revenue to pay their customers due to the orders from the Securities and Exchange Commission(SEC) to halt it trading activities.
“Any act, order or instruction therefore, designed or decreed to forbid Menzgold from trading makes it impossible to generate any revenue whatever out of which extra values are charged and paid to those entitled “. Menzgold said in a statement.
They further stated that “Menzgold Ghana is still committed to ensuring that business operations return to normalcy as soon as possible as the firm is deeply saddened by the social and economic inconveniences this decision and directive of the SEC has caused our customers and the organization”.
Management of Menzgold, however, promised their customers to remain calm since their investments are in safe hands.