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Seasoned journalist, Kwesi Pratt Jnr., has descended heavily on Menzgold and its Chief Executive Officer, Nana Appiah Mensah, over the brouhaha involving the gold firm, the Securities and Exchange Commission (SEC) and Bank of Ghana.

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.

Some sympathizers of the company have begun a social media appeal with #IstandwithMenzgold and #JusticeforMenzgold with others demonstrating against the State regulators, claiming they're on a "witch hunt" agenda.

But Kwesi Pratt has asked the Bank of Ghana, SEC and all the appropriate State regulators in the financial sector not to spare Menzgold if indeed they're not operating within the remits of the laws of Ghana.

He asked management of Menzgold to comply with the directives of the SEC and acquire the right documents and licence to operate as a gold company.