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      Chief who allegedly killed a trainee nurse in Mankessim arrested

      Man arrested for selling boss’ land

      #OccupyJulorbiHouse demo: Police arrest protesters for unlawful assembly

      #OccupyJulorbiHouse demo: Police arrest protesters for unlawful assembly

      Banker remanded for defiling 13-year-old niece

      Man jailed 14 years for impregnating 14-year-old girl

      Farmer gets four years for stealing

      Man, 25, arrested for attempting to buy used pads for rituals

      I don’t care what the West thinks, I will run for fourth term in 2024 – Kagame

      I don’t care what the West thinks, I will run for fourth term in 2024 – Kagame

      Farmer gets four years for stealing

      Ghanaian arrested in Belgium for hiring lookalike to take driving test after 12 failures

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      ‘I’ll slap you if you try smiling at me’ – Shatta Wale threatens Stonebwoy

      ‘I’ll slap you if you try smiling at me’ – Shatta Wale threatens Stonebwoy

      Wendy Shay to be flown to Germany for further treatment – Bullet

      Wendy Shay to be flown to Germany for further treatment – Bullet

      Roblox coming to PlayStation 4 and PS5

      Roblox coming to PlayStation 4 and PS5

      Spotify’s new design is part TikTok, part Instagram, and part YouTube

      Spotify denies 30-second trick could make you rich

      Wendy Shay involved in a car accident

      Wendy Shay involved in a car accident

      My dream was to be spare parts dealer – Black Sherif

      Black Sherif nominated in Best International Flow category at 2023 BET Awards

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      Black Queens trash Rwanda 7-0 in Women’s AFCON qualifier

      Black Queens trash Rwanda 7-0 in Women’s AFCON qualifier

      Meet Bukom Banku’s son, Bukom Tilapia who is also a boxer

      Meet Bukom Banku’s son, Bukom Tilapia who is also a boxer

      Live Streamed: Ghana vs Guinea

      Live Streamed: Rwanda vs Ghana – WAFCON 2024 qualifier

      Ghana would have won 2010 World Cup if I were the coach – Kwasi Appiah

      Kwasi Appiah appointed head coach of Sudan – report

      Barca demolish Antwerp

      Barca demolish Antwerp

      George Afriyie picks nomination forms to contest Kurt Okraku for GFA Presidency

      GFA elections: George Afriyie’s disqualification appeal thrown out

      ‘Never knew we have disposable jersey’ – Mpraeso MP reacts to Kotoko’s jersey

      ‘Never knew we have disposable jersey’ – Mpraeso MP reacts to Kotoko’s jersey

      How I lost my girlfriend to a rich man – Ghana Premier League star shares heartbreaking story

      How I lost my girlfriend to a rich man – Ghana Premier League star shares heartbreaking story

      Nketiah, Hudson-Odoi left out of England’s World Cup squad after ‘snubbing’ Ghana

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      Suspected fake doctor did not attend to patients – KATH 

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        Songo, the African tribe where children are raised by their uncles

        Songo, the African tribe where children are raised by their uncles

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        The story of the Ghanaian professor emeritus who did not attend secondary school

        The story of the Ghanaian professor emeritus who did not attend secondary school

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        The intriguing history of the ancient Egyptian bust that looks like Michael Jackson

        Meet the African tribe that offers free sex to guests

        Meet the African tribe that offers free sex to guests

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        Meet Kobena Sekyi, the educated elite who never wore European clothing

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

        This African tribe from Togo and Benin were experts in penis enlargement way before plastic surgery

        Who is the real Yaa Asantewaa

        Who is the real Yaa Asantewaa

        How an Asante King led an army to defeat the British and behead a governor in 1824

        How an Asante King led an army to defeat the British and behead a governor in 1824

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      ‘We’ll ‘prevent’ our assets from being auctioned’ – Menzgold

      Menzgold sues Bank of Ghana, SEC
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      Management of embattled gold dealership, Menzgold Ghana Limited, has expressed optimism that its properties at Amakom in the Ashanti Region will not be auctioned despite a Kumasi Circuit Court ruling for an auction to be undertaken.

      The Circuit Court ruled earlier this week that the company’s properties be auctioned by January 16, 2019, to pay off clients who are owed by the company. One of the clients had dragged the company to court over his locked up investment.

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      But the Communications Director of the company, Nii Armah Amarteifio, in an interview with Citi News explained that the legal team of the company will find alternative measures of resolving the situation to avoid an auction.

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      “I don’t even think that this will at the end of the day get to the stage where we have to auction the properties as the judge has ruled. Our lawyers will sit down and go into it to see how best to go about it so we don’t get to the point where we have to auction those properties in Kumasi.”

      Menzgold Ghana Limited has been struggling in the past three months to pay its clients their dividends or return their principal investments following the Securities and Exchange Commission’s directive to the company to halt accepting new investments.

      With hundreds of customers besieging the company’s premises each day over their locked up investment, the company through various press releases announced various payment schedules, most of which it was not able to deliver on, to the disappointment of customers.

      While some customers have staged various demonstrations to register their displeasure over the situation, others have taken legal action against the company.

      Recently some 100 retired and active Police Officers at the Kasoa Divisional Police Command in the Central Region filed a writ at the Accra High Court against Menzgold, in a bid to retrieve their locked up investments.

      A reverend minister and a client of the company in October 2018 also sued the firm for breach of contract and misrepresentation.

      Rev. Joseph Appiah Odei in his writ said he deposited 12 pounds of gold estimated at GH¢ 24,000 for 12 months, and paid a non-refundable commission of GH¢1,200 to Menzgold.

      The court is yet to take a decision on those matters.

      The last formal communication from Menzgold was about their staff being asked to proceed on a 10-day compulsory leave and the halting of its online platform introduced much later.

      The staff in protest against the action in a public statement said Menzgold managers were trying to flee Ghana following the controversies. They also claimed that close associates of the company who had their investments locked up were being paid secretly.

      Meanwhile the company has announced a new payment schedule and has indicated that it will from begin repayment of costumers’ investments.

      “We had to come up with the final schedule where we are going to spell out the processes of payment to customers. The last time I spoke to the team, they are almost done with the communiqué I’m sure my next week we will issue it and that will spell out the payment plan for customers and the way forward for the company,” Nii Armah Amarteifio said.

      source: Citi Newsroom 

      Tags: Menzgold

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