Home   >   Business   >   Business News   >   201808
We Are Coming After You – BoG To Menzgold   
 
  << Prev  |  
 
07-Aug-2018  
Comments ( 20 )     Email    Print
       
 
 
 
 
Related Stories
 
The Bank of Ghana (BoG) has issued a public notice that it is in discussions with relevant regulatory authorities to sanction Menzgold Company Limited for engaging in “solicitation, receipt of money or investment and the payment of dividends or returns to its clients” without a licence to do so.

The BoG, in a public notice signed by Mrs Caroline Otoo, Secretary to Governor Dr Ernest Addison, said in spite of several of cautions to Menzgold Ghana Company Limited to desist from the act, it persists in its deposit-taking activity in breach of section 6(1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).

The Central Bank has cautioned thE general public that anyone who transacts “any of the above-mentioned businesses with Menzgold Ghana Company Limited does so at his or her own risk,” and the Bank of Ghana will not be liable in the event of loss of investments of deposits.

Nana Appiah Mensah, owner of the gold-buying firm, has denied on a number of occasions that his company takes deposits.


 
 
Source: classfmonline.com
 
 

Comments ( 20 ): Post Your Comments >>

 
 
 
Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.
 
 
COMMENTS




Name: [email protected]
Do you need a loan? If yes! Contact FIFO Capitals and Mortgages Limited ® for small and large loans amount. We give out loan at 2% interest rate. Contact us today via E-mail at,,,(([email protected])),,, We also give out from. £5 thousand Pounds to 100 million Pounds for individuals and companies, the credit is open to all regardless of nationality....
 
Name: We need our money frm first Allied BANk
Bank of Ghana u will wasting ur time we need our money frm first Allied Bank now
 
Name: alex
it is very very non sense
 
Name: KK
Fear and panick
 
Name: Seth Mintah
The expression WE ARE COMING AFTER YOU by the Governor of the Bank of Ghana is in very bad taste. It is as if a lion which is laying ambush for its prey has now got the chance to pounce on it. The Governor feels that after collapsing the five insolvent banks, he is now in the best position to show MenzGold where power lies. This is abuse of power and should be condemned in no uncertain terms.
 
Name: Kenneth Osei Bonsu
We, the customers of Menzgold, are very satisfied and convinced that MenzGold is very credible and sustainable company because instead of decreasing, it is increasing. It is operating branches in the United Kingdom and Spain and very soon will be in Nigeria. Jesus' parable of a prophet not being honoured in his own home is very much applicable here. If these foreign countries have embraced MenzGold wholeheartedly why is BoG trying very hard to stifle its operations in Ghana? We, the customers, are wise enough to save some of the profit on our investments against unforeseen contingencies and do not need any counsel from the bank of Ghana. Please, BoG assist our indigenous businesses to grow so as to make them partners of the government in making the private sector an engine of growth for the Ghanaian economy.
 
Name: Kwaata
BoG hasn't done anything wrong. He only wants Menzgold to operate under our laws so that it can be monitored to avoid investors, like you, losing your monies. Don't be naive
 
Name: God save us
Eihh BOG we have seen all your mischief. These npp gurus wanna collapse all profit companies and organisation and make them their own b4 they leave government. Ghanaians were warned but couldn't listen because the lies from the NPP in opposition were too LOUD.only God can save us now
 
Name: Oga joe
BOG why.you have made several attempt to collapse Menzgold but didn't work. This time too you will fail.
 
Name: Dersy
BOG people are just not serious. Didn't they contributed to the First Allied savings and loans problems? let them try this time around we will curse them one by one with Antoa nuama
 



Post A Comment

Name:
   
Comment: