Court Orders Menzgold To Refund Gh¢2.6M to 58 Soldiers
Court Orders Menzgold To Refund Gh¢2.6M to 58 Soldiers

News reaching us at indicates that an Accra High Court has ordered an embattled gold dealership firm, Menzgold Ghana to refund a colossal amount of GH¢2.6M to 58 soldier the company owes.

According to details gathered by us, the court presided by Justice Angelina Mensah-Homiah J. in a November 4, 2019 ruling, however, refused to enforce the contractual interest at the rate contained in the respective agreements between Menzgold and the respective plaintiffs because it was a Ponzi Scheme in a previous suit.

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The plaintiffs will instead be paid interest at the prevailing commercial bank rate from the date of judgment till the date of final payment.

Nana Appiah Mensah

More details also gathered indicates that the sums which are their principal investments with Menzgold ranged between GH¢18,000 and GH¢244,000.

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One of the plaintiffs according to a story by Graphic Online has revealed that Menzgold had been served with the judgment and he was awaiting a refund of his investment.