Troubled gold dealership firm,
Menzgold Ghana has suspended the payment of dividends, over an allegation of an attack on some of its staff by customers .
The company resumed the payment of dividends on September 28,
However, according to Nii Armah Amarteifio, Deputy Head of Communications of
According to him, Menzgold was currently engaging with various stakeholders including the Police, Parliament, the military and the leadership of some of their customers to decide on a date to resume payments.
"We are going to meet and engage them, then we can tell when we will resume the payment of dividends... when we reach an agreement, we will come out with a communique on when we will start paying," Nii Amarteifio said.
Ghana News Headlines
For latest news in Ghana, visit Graphic Online news headlines page Ghana news page
Mr Amarteifio disclosed that the troubled firm had made 'extra value' payments to their customers on Friday, September 28 and Monday, October 1 as scheduled but admitted that not all customers due returns were paid.
He said this resulted in a meeting with the leadership of the customers of
Mr Amarteifioo said: "...We promised
"On Monday, indeed we paid some but we couldn't pay everybody until later in the evening when we had a meeting with the leadership of the customers of
Menzgold last Thursday released a scheduled payment plan to customers whose extra values had accrued before the company was ordered by SEC to shut down its operations.
The company also announced that due to the shutdown, it was not in the position to process any termination of the contract that it had with its clients.
A notice pasted on the premises of the company also detailed the specific date customers could come for their extra values, which had accrued from August 5-September 12, 2018.
Meanwhile, Menzgold has dragged SEC and the Bank of Ghana (BoG) to court with a case that the two regulators were engaging in activities “harmful” to its operations.
In a suit filed at the Accra High Court, the company wants, among other reliefs, a declaration from the court that its activities do not fall under the scope of the BoG or the SEC’s regulations.
Other reliefs include “an order of perpetual injunction to restrain the BoG and the SEC from interfering with its business activities or further acts by publishing any derogatory notices’’.