A swift intervention from Police officers on December 24, 2018 prevented what would have been a mass suicide by Menzgold clients on one of Accra’s major highways (N1 Highway)

Police had been deployed to the headquarters of Menzgold to offer protection to property as well as persons, after customers whose funds are locked up with the firm, massed up to protest the failure of the company to pay back their funds.

However, the demonstrators planned to block the busy eight-lane George Walker Bush highway to possibly re-echo their displeasure at the way Menzgold has handled their deposits.

Director of Operations at the Accra Regional Police Command, Supt. Kwesi Ofori, told Joy News the angry Menzgold customers rushed onto the road to carry out their plan, defying the high-speed at which vehicles were approaching them.

“…The way and manner they rushed onto the highway the police have to tactically quickly stop the speeding vehicles if not, we would have witnessed a mass suicide on our road and we are not prepared to supervise this,”

After succeeding in warding the demonstrators off the busy highway, the police chief said he and his colleagues then engaged them “to ensure that they leave [the scene] to live and not to die.”

However, in a related development, a court in Kumasi has ruled that properties of Menzgold in Amakom, Patase, which are all suburbs in Kumasi be sold at a public auction.



The circuit court said: “Notice is hereby given that in pursuance of a decree of the said court bearing the date 14th day of November 2018 in the above suit, the property of the said defendant (Menzgold) having been seized in execution under a writ of fifa dated the 3rd day of December 2018 will be sold by public auction on the 16 day of January 2019 at 10 a.m., unless the said decree shall be sooner satisfied, to wit: Properties at Amankom, Ashanti Region; all personal properties in the office of Menzgold Ghana Limited, Amakom, Kumasi; and all personal properties in the office of Menzgold Ghana Limited, Patase, Kumasi”.