MenzGold to commence paying customers from December 27.

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Menzgold Ghana Limited says it will start paying customers their locked up funds which have been in arrears for the past three years, from Friday, December 27, 2019.

The troubled gold dealership firm released a statement on Wednesday, explaining its ‘reverse mechanism’; a payment plan and formula it intends to employ in disbursing monies customers.

“Payments shall be made strictly following a ‘reverse mechanism’ which implies from the last day (month) of our business operations to the very day when our business commenced. Thus from 12th September 2019 to 18th March 2013. To this end, we shall start to settle all transactions in September 2019 and those who didn’t access extra values as we proceed in the first above described mode and manner.”

Further to this, management disclosed that it is in the process of retrieving debts owed the company to shore up funds in other to pay its customers.

It said all claims will be paid in strict accordance with the payment schedule and therefore encouraged customers to follow through with the directive to ensure that they are settled with minimum fuss.

“Payments start on Friday 27th December 2019 with funds at hand now as we proceed to recover the debt owed Menzgold overseas, especially in Dubai and Europe to come to reinforce as payments sessions continue. Claims shall be settled in full and shall be subject to an invitation from our legal team; Kwame Akuffo & Co.”

“Unlimited, strictly following the below indicated scheduled hierarchical order, all to be settled within 36 months starting from December 2019. We shall endeavor to commit not more than thirty-six (36) months to settle all claims, as we follow strictly all reverse all transactions or contracts as formed, to achieve cordial co-existence and harmony.”

Statement in full. 

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