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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Ghana man, menzgold has never returned a cheque before! So why is Nana Addo freezing their account? Massa if you don't know shat-op, dadaforking!
GHANAIAN ARE FUNDAMENTALLY ST/UUPPID PEOPLE,UNINTELLIGENT.BECAUSE OF POVERTY JUST LOOK AT HOW ***barred word*** YOU ARE BEHAVING.SHOULD THE MENZGOLD GUY DEFRAUD PEOPLE IT IS YOU THE SAME IDIO/OT WHO WILL TURN TO BLAME THE GOVERNMENT FOR NOT DOING MUCH.
Nana Addo is the biggest upset since we started the forth republic. Data bank should have been the first to be closed, how is data bank still operating? Data bank has more issues than the rest of the banks.
Akufu Addo is too yesse Massa to the white boys. They tell you to close banks and "yessa" is all you can say? Leave menzgold alone! Because if you are not careful a powerful demonstration can trankate your reign. The white boys are just playing you Mr President? Leave Ghanaian businessmen alone and rather chase the white boys for the wealth they are steeling.
Sometimes I just marvel at the incredible s-tu-p-i-dity of the Ghanaian.the Ghanaian is a creature who is always interested only in what he can get out of any situation. Remember Pyram and R-5?When people were warned what did they say?They will demonstrate.How on earth they believed anyone could pay 30% interest on their deposits every month is still a mystery .Same thing happened with DKB and others.The finance sector is sensitive and if not properly regulated will result in pain and misery for many. Menzgold should stop the arrogant posture and do the right thing. How are they able to pay up to 10 % on deposits a month. What business are they into?This F001 of an NDc man is one of those who talk through the same hole they pass faecal material.
3nfa ohia 3nkeka nkwasiiasem. Poverty is indeed a curse. Sake of poverty, integrity is never embraced and appreciated. As a country, we should be taught and encouraged to do the right thing rather than be applauded and hailed as “smart” if u are a shrewd and able to ***barred word*** people over to gain wealth. Everyone wants to be rich even if it’s through foul means.
People are ignorantly speaking out of turn in regards to this Menzgold temporary saga. Just because someone has employed a lot of people doesn’t mean if he’s not operating his company illegally per the the rules of the land, we should turn a blind eye. These kinds of operations were what dkm and God is love micro finance companies were doing which in the end rendered a lot of people penniless. Didn’t people blame Bank of Ghana and and likes for not regulating them well? Now companies are being investigated so the right measures are done, some are crying wolf cos of their selfish gains. Just because dealing in cocaine is a lucrative business that also employs a lot of people, doesn’t mean it is legitimate business hence people won’t be jailed for it across the globe. As long as it’s not a witch hunt, there law must take it course. Nana Appiah can always go to court for redress if he’s done nothing wrong. The stupidities must stop
How much u have deposited at menzgold.Go for your money please.
Is there something we don't know? These NDC people seem to be singing the same tune. I thought they would express some apprehension on the fact that Menzgold may be operating illegally or without regulation. We could wake up one day and Menzgold have closed its doors. Isn't that more scary?
We will not deposit our gold at central bank But rather deposit our gold at Blockchain