Pulse.com.gh logo
Go


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 New Appointment Nana Addo appoints Mahama as Lands Commission bossbullet
2 Ghana Politics Akufo-Addo fires Lands Commission bossbullet
3 Mobile Money MTN freezes account of Ponzi scheme over GH¢11m defaultbullet
4 Menzgold Ghana Don't deposit money with Menzgold – BoG cautions...bullet
5 Mahama boys prevented me from meeting him – Fibre Optics Inventorbullet
6 Salaries In 2018 Here are the dates public workers will be...bullet
7 Government Interventions UN expert says 1D1F, $1m Per...bullet
8 Banking In Ghana Invest in more risky ventures – Nana Addo...bullet
9 Ports And Harbour Issues GPHA staff apologises to Mac Manubullet
10 Free Decoder Promo StarTimes launches most affordable...bullet

Top Videos

1 New Discovery Ghana discovers new mineral, lithium in commercial quantitiesbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 Support Finance minister buys Kantanka carbullet
4 Plane Crash Starbow suspends operations following plane crashbullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
7 Money Alert Meet Africa's richest womanbullet
8 Entrepreneurship Failure- How To Deal With It | StartUpSchoolbullet
9 Video We are determined to move Ghana beyond aid - Bawumiabullet
10 New Phones Nokia MWC 2018 Event in 5 minutesbullet

Business