So, 179 Menzgold Customers Have So Far Died From Losing Their Life Savings

Convener of Menzgold Customers, Fred Forson, has disclosed that following the collapse of the company, 179 of the customers have died.

Afia Schwar and Menzgold

According to him, many others have also suffered various ailments.

“It’s sad that we have lost some people and 179 people have already died and many others are down with various degrees of injury,” he said on the Super Morning Show on Joy FM on Tuesday.

The aggrieved customers have been fighting to retrieve their investments since 2018 when the firm was shut down by the Securities and Exchange Commission (SEC).

In a letter dated September 7, 2018, SEC said it has thoroughly investigated the activities of Menzgold and has found that the Nana Appiah Mensah-owned firm does not have the license to trade in gold collectibles from the public.

Since then, all efforts by the customers to retrieve their investments have proven futile.

They have accused the government of Ghana of failing to protect funds of the investors, a development that continues to deepen their hopelessness by the day, however, they are optimistic their funds will be retrieved.

“The money is not lost but it is sad we lost all those people,” the convenor of the group bemoaned.


Related Stories