Menzgold Ghana Don't deposit money with Menzgold – BoG cautions public again

In a statement the Bank of Ghana (BoG) said "anyone who transacts any of the above-mentioned business with Menzgold Ghana Company Limited, does so at his/her own risk."

  • Published:
MenzGold Ghana play

MenzGold Ghana

24/7 Live - Subscribe to the Pulse Newsletter!

The Bank of Ghana (BoG) has repeated its caution to the general public not to deposit any money with Menzgold Company Limited, an investment company.

This is because it has not been licensed to take deposits.

The central bank earlier in the year cautioned the company to stop taking deposits and also stop making payments of dividends. The BoG also cautioned the public no to deposit money with Menzgold.

READ ALSO: Every Ghanaian to get a bank account in 2018 - Bawumia

However, BoG says Menzgold is still engaged in these activities.

The bank in a statement said it wishes “to notify the general public that in spite of the caution to Menzgold Ghana Company Limited to desist from solicitation, receipt of money and payment of dividends to its clients, the company is still engaged in these activities contrary to section 6(1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).”

READ ALSO: Sacked Starbow workers won’t be compensated

“The general public is hereby informed that Menzgold Company Limited is not licensed by the Bank of Ghana and has no authority to engage in the solicitation, receipt of money and payment of dividends to its client.”

“Accordingly, the general public is cautioned that anyone who transacts any of the above-mentioned business with Menzgold Ghana Company Limited, does so at his/her own risk and Bank of Ghana will not be liable to such clients and depositors in the event of a loss.”

We are determined to move Ghana beyond aid - Bawumia

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Salaries In 2018 Here are the dates public workers will be paid in 2018bullet
2 2018 Budget Parliament approves budget without minoritybullet
3 Bank of Ghana Second Deputy BoG Governor resignsbullet
4 Bank of Ghana Here are the banks with the best deposit rates in Ghanabullet
5 Made In Ghana Finance Minister buys Kantanka carbullet
6 Menzgold Bank of Ghana is irresponsible and reckless -...bullet
7 Foreign Aid Akufo-Addo now believes in China than Ghana -...bullet
8 Job Application How to write a CV that gets interview callsbullet
9 Dr Joseph Siaw Agyepong Nobody can collapse my company –...bullet
10 Taxes In Ghana 3% VAT flat rate takes off in July 1bullet

Top Videos

1 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
2 Plane Crash Starbow suspends operations following plane crashbullet
3 Entrepreneurship How to be resourceful as an entrepreneurbullet
4 Entrepreneurship Failure- How To Deal With It | StartUpSchoolbullet
5 Entrepreneurship How To Get Ready To Get Started | StartUpSchoolbullet
6 Entrepreneurship Creating Success Systems | StartUpSchoolbullet
7 MTN Mobile Money Adbullet
8 Video We are determined to move Ghana beyond aid - Bawumiabullet

Business