ADVERTISEMENT
Swiss company denies affiliation claims by gold buying company in Ghana
Swiss Gold Global said they were contacted by one of Menzgold's founders but there was no affiliation.
___7161099___https:______static.pulse.com.gh___webservice___escenic___binary___7161099___2017___8___17___13___5625584890289_2845824216647
ADVERTISEMENT
Recommended articles
Swiss Gold Global in an e-mail conversation with Joy News said it had no association whatsoever with Menzgold, contrary to claims by the latter.
The revelation contradicts the information captured on the local gold trader’s website, which said it has an affiliation with the Swiss-based company.
“By our affiliation to Swissgold global in Switzerland; sharing in the objectives of turning the fortunes of groups and individuals around by ensuring absolute financial freedom for people, has inspired or drive us to attain the unprecedented height and records we’ve set in Africa,” the website of Menzgold, www.menzgold.com
ADVERTISEMENT
Swiss Gold Global said they were contacted by one of Menzgold's founders but there was no affiliation.
“Please note that Swiss Gold Global and its associated companies have no association with Menzbanc regarding any of their investments,” the email from the Swiss company read.
Swiss Gold Global said Menzgold has neither purchased any precious metal from any of its affiliated companies nor has it served as a safe house for its metals.
The email said Swiss Gold Global could not "recommend or negate" Menzgold's investment opportunities.”
The development comes at a time, the Ghanaian company has made the headlines for taking deposits illegally, the Central Bank has said.
ADVERTISEMENT
The Central Bank cautioned the company against taking deposits of customers.
Deputy Governor of Bank of Ghana, Dr Johnson Asiamah told Parliament’s Public Accounts Committee (PAC) last week the bank has not licensed the company to accept deposits. But Menzgold has denied receiving deposits, saying the claim was false.
Shortly after the news went public about the false affiliation, a management member of Menzgold admitted they no longer have any association with the Swiss company.
The official told the reporter, the information about the affiliation with Swiss Gold Global was to enhance their fortunes as a fledgeling company in Ghana, adding their IT team would effect the changes.
Menzgold has subsequently put on its website, www.menzgold.com, that it no longer has an affiliation with the Swiss Gold Global.
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
Edward Howarth of DashTickets talks about gambling in Africa
Eco-friendly gambling: The impact of online slots on sustainability
Chad to become the first of Africa's current junta-led states to move to democracy
Russia spreads its military influence to another African country
A look into South Korea’s rice gift to Africa
FBNBank Ghana changes to FirstBank Ghana to align with group identity
Nigeria restricts power export to neighbouring countries to meet domestic demand
NOG Energy Week 2024: West African countries harnessing gas for industrialisation to boost economic development
