Audio Attachment:Listen to George Opare Addo |
Former Municipal Chief Executive (MCE) of Akuapem North, George Opare Addo says there will be a 'mass funeral' in Ghana should Menzgold collapse.
According to him, there seems to be some mischief or a calculated attempt by some mischievous persons within the State regulators to cripple Menzgold instead of supporting it.
Menzgold Ghana, a company trading in gold collectibles, has been directed to shut down by the Securities and Exchange Commission (SEC) for not having a permit to operate.
The SEC wrote to the company, demanding that all trading in gold without licence be ceased.
It asked the company not to take new contracts (investments) and also halt broadcast and publishing of all its adverts.
This comes after the Bank of Ghana warned customers and the general public from transacting business with Menzgold stating emphatically that it's unlicensed and any individual who deals with it do so at his or her own risk.
Addressing the issue on Peace FM's 'Kokrokoo', George Opare Addo, who is vying to be National Youth Organizer of the NDC explained that Menzgold is a local business established by a Ghanaian and needs support not an attack targeted at disintegrating the gold firm.
“Even if they have flouted the laws, we could deal with this without causing the necessary panic or that panic button we have pressed which is disorganizing everybody . . . The most important thing is whatever we do, we should remember it is a Ghanaian business entity . . . You don’t create crisis in solving a problem . . . We cannot afford to kill Menzgold,” he said.
He noted that the SEC and Bank of Ghana (BoG) should rather hold fruitful negotiations with Menzgold, assisting it to operate successfully.
He also wondered why the SEC and the Central Bank are now acting on Menzgold if they believe the company doesn't have the requisite documentation to transact business.
“All these years Menzgold started their activities, where was the Securities and Exchange Commission? Have they just woken up one morning and realized Menzgold is not operating within the frontiers of the law?” he questioned.
Source: Ameyaw Adu Gyamfi/Peacefmonline.com/Ghana
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Asem a BA Ghana eiiiiii hmmmmm mass funeral for manz gold wat ***barred word*** aaaaaaaa
What mass funeral is this ***barred word*** talking about? his funeral will be the first on the list, apparently Addo you will die before your ndc elect you as national organizer or whatever, do you people think you are something in Ghana? try any ***barred word*** thing and you will regret you were born to join the ndc, if you are crazy there are more than you in Ghana,woabodam papa! ***barred word***, ndc all you know is threat and do you think you are a threat to anyone?nkwasefuo, Ghanaians made a decision they don't like you and what's your problem? is Menzgold part of the ndc? ogyimifuo Opare Addo! ***barred word***,you couldn't even give your constituency to your st*pid ndc what can you do in Ghana? Opare Addo must be arrested, I hate ***barred word*** and primitive people who think they are tough! ***barred word***!You live in Ghana and playing the f0000l! okuraseni ! Play the ***barred word*** to distabilize the country and we see how many of you will run into exile and we see if you can live in Ghana,aboafun! Ghanaians don't like you, we hate ndc and you can go to HELL!
THIS IS A BAEUTIFUL DISCOURSE AND I AM ENJOYING IT SO MUCH. ITS HIGH TIME PEOPLE START FACING THE ISSUES. INSULTS ON THIS PLATFORM IS BAD AND SHOULD BE DISCOURAGED. GHANA MUST BE THE FOCUS AND GOOD IDEAS WILL HELP SHAPE IT NOT INSULTS. GOD BLESS GHANA...
Look, it is only the country Ghana that you can open your mouth and talk trash.
Agreed, so should it operate wrongly because it is a local business? NDC is the government behind all this fake licensing and it is causing a problem and you are blaming the present government. Ghanaians, we have advanced in our thinking, don't think we are f000000ls.
I don't blame u,you've been bribed to talk rubbish....obey rules and regulations, that's all
This blood drinking mensgold man should do the right thing,by adhering to the rules of the land and stop fooling.
Stop the politics right there!! You're a former MCE so you should advice Mendzgold to follow regulations and do the right thing. Didn't you hear the CEO of Mendzgold saying they are not being supervised by any institution? Is Ghana a lawless country? We've not forgotten DKM so soon under NDC govt. Right now the regulating bodies are trying to ensure the right procedure is followed so that Mendzgold can be supervised. Right now if the company is to collapse the burden will be on the Central Bank to pay off the customers. The laws of the land must be followed completely.
The right thing must be done. If Menzgold has bleached the laws of the Nation, they must be made to pay for their wrongs. Ghanaians should allow the institutions we have in the country to function without any human interventions.