Menzgold begins validation of customers for payment Monday

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The embattled gold dealership company, Menzgold Company Limited, will from Monday, 28 October 2019 begin the validation of its customers as a part of efforts to pay them their locked-up funds.

The company, in a statement, said the validation of documents will begin from 9 a.m. to 4 p.m. each working day and end on 28 November 2019.

Below is the list of outlets for the validation exercise:


  1. a) Osu – Opposite Osu Police Station, behind Glory Oil Filling Station.
  2. b) Dansoman – After Dansoman Roundabout, Bechem Bus stop.
  3. c) Odorkor – Opposite Anointed Electricals Company.
  4. d) Mile 7 – Adjacent ECOBANK.
  5. e) Madina – Madina-Tamale Lorry Station.
  6. f) Awoshie – Opposite Victory Bible Church.


  1. a) Kasoa – Opposite Walantu Junction, after Justap Clinic.


  1. a) Adum – Adjacent Melcom.
  2. b) Bremang – Behind Bremang Park, adjacent Church of Christ.


  1. a) Bogoso – Adjacent Multi Credit.

The customers are expected to submit photocopies of their Gold Trading Agreement, receipt of gold traded/purchased, their gold trading commission receipt, a copy of a valid national ID and evidence of gold re-trade (s) as well as receipts or agreements for the validation process.

The embattled company has not been able to pay its thousands of clients’ extra values and principals since August 2018 after the Securities and Exchange Commission shut it down over regulatory infractions.

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Kennedy Mornah is an Award Winning Ghanaian Journalist with over two decades of experience in the Ghanaian Media landscape spanning the electronic, print and digital media. He is a Media Consultant, a Corporate MC, Radio and TV Host, Founder and Publisher of the Maritime and Transport Digest Newspaper, Businessman, a Go getter and an optimist. He has worked for renowned media organizations including Diamond Fm in Tamale, Luv Fm in Kumasi, Oman Fm in Accra and Starr Fm in Accra In 2017 he received the Reporter of the Year Award at the Ghana Shippers Awards in Accra, Ghana.

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