Menzgold has heard the cries of investors and has assured they will be paying investors their investments at Menzgold in full in 90 days time.
In the latest press release signed by Nii Armah Amarteifio, the now head of communications at Menzgold since George Quaye resigned states that, a forum has been held with a cross-section of customers over the weekend and an agreement has been reached on payment of principal to investors.
The press released further states that, customers at the forum suggested that for now, Menzgold should pay 50% of principal to investors within the next 4 weeks whiles the remaining be paid in 90 days.
But Management revealed they might not be able to pay 50% with their current reserve but they are yet to determine the percentage to pay within the next 4 weeks starting from tomorrow 9TH October 2018.
They assured that even if you have taken dividends on your principal, you will be given your full 100% investments without any reservations in the 90 day period set by management and agreed by customers at the forum held at Workdam Hotel in Achimota Accra.
The press release further stated that for now, the payment of dividends has been suspended until further notice.
READ THE FULL RELEASE BELOW