Member of Parliament for the Tarkwa Nsuaem, George Mireku Duker has asked sympathizers of Menzgold to stop blaming government for the recent happenings regarding the gold hub.
The Securities and Exchange Commission (SEC) wrote to Menzgold Ghana Company, demanding that all trading in gold without licence be ceased.
It also asked the company which has been on the warpath with the Bank of Ghana, not to take new contracts (investments) and also halt the broadcast and publishing of all its adverts forthwith.
Speaking on Peace FM's 'Kokrokoo' on Thursday, September 13; Menzgold Chairman, Fred Ohene Frimpong stated they are not aware of contravening any laws regarding their operations and so, questioned why the SEC would come after them, asking them to shut down.
He however assured customers and the general public that Menzgold is "prepared to deliver and then we’re going to deliver . . . Whatever it is we’ll find a way to negotiate with them, sit down with them and find a permanent solution to this problem because we’ll not fail. And we’ll not fail Ghana."
The company's assurance appears not to have sunk well with the Tarkwa Nsuaem MP who addressing the issue on Friday edition of 'Kokrokoo' told host Kwami Sefa Kayi that Menzgold deserves the action from Bank of Ghana and the Securities and Exchange Commission (SEC).
Hon. Mireku Duker asked Ghanaians to leave government out of the issue because Menzgold has created its own woes.
He narrated that Menzgold begun in October 2014 as Menzbank and when the Bank of Ghana got wind of it, therefore cautioned the management to halt operations till it's given a licence and has acquired the right documentation.
According to him, the management of Menzbank subsequently changed to Menzbanc and now Menzgold despite forewarnings from the Central Bank.
He wants the general public to know that "it is the activities of the institution (Menzgold) itself that have resulted into this…It’s the behavior of some people which won’t augur well for the nation…It is not the government”.
Source: Ameyaw Adu Gyamfi/Peacefmonline.com/Ghana
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For those of you who have not been to tarkwa before, you will cry when you get there. There is absolutely nothing that shows that gold has ever been mined there. And it's because of people like this MP who is more comfortable with the white man in charge of all the gold than his own brother. He's happy to send his own Ghanaian military men and women to protect and die for the white mans gold mine. Menzgold deserves a thousand times the protection we give to the white boys
It's only a F00l who doesn't learn from his mistakes and that of others. DKM and GOD IS LOVE is too fresh on our minds. Managers of our financial sector have a simple message, "Do the right business and prosper otherwise stop it, no matter how positive your business impact on the economy" Too many fake rich men in Ghana.
Menzgold is the same as DKM. Don't be f001ed. It's a better run Ponzi scheme, that's all.
Menzgold is the same as DKM. Don't be ***barred word***. It's a better run Ponzi scheme that's all.
This is a simple matter. If Menzgold has licence to operate in the business for which SEC is asking them to stop,let that business entity produce it. This back and forth accusations won't help matters and demonstrations by Menzgold sympathisers will only heighten tensions. Civil societies and all must act within the laws of this country.
Thank you Nene Gamah..you summed it all up- We behave like our brains are dead!!
MrMP,am disappointed with u.U politicians always try to give d impression u are doing very well in governing d nation.In a country where laws nd institutions don't work and d government in power sits down unconcerned till things get out of hand who should be blamed?How long has Menzgold been in operation?Go back to sleep.
I thought Ghanaians have learnt lot of lessons from the previous issues with other institutions which operated the same manner. I strongly believe one day somebody will poison thousands of believers in this country as it happen to the american evangelist in the late 70s. I wish i could understand exactly the story told to millions of ghanaians who rushed to deposit huge sums of money to Mensgold. A company operating without regulation? and you get illogical people parading themselves with the caption i stand for mensgold. Please, I promise 200% interest after one month if you deposit 1m. I am waiting oooo Ghanafo). Lets wise up, we are behaving like our brains are dead.