Menzgold boss to address concerns of customers today

The CEO of Menzgold Ghana Limited,

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He further assured that the gold dealership firm will continue to operate, insisting “Menzgold is here to stay”.

“I would be addressing the public on Menzgold and other related matters on Zylofon fm, 102.1 on Monday, "Time with Menzgold " between 11am & 12noon. Kindly tune in. Menzgold is here to stay,” he posted.

In recent months, Menzgold, which offers very high returns to customers, has come under the spotlight following several inconclusive tussles with the Bank of Ghana (BoG), the Minerals Commission and the Securities and Exchange Commission (SEC).

CEO of Menzgold, Nana Appiah Mensah ece-auto-gen

The Central Bank and Minerals Commission maintain that the company has been taking deposits and locally selling gold despite not having the requisite licence to do.

However, the seriousness of the issue was confirmed in September when SEC directed Menzgold to shut down its gold trading activities.

Currently, the operations of the company remain closed to the public, with several customers agitating for a refund of their investments.

Meanwhile, the Deputy Minister of Finance, Charles Adu Boahen, has hinted that Menzgold could soon be out of business for good.

Speaking at a business forum in Accra, Mr. Adu Boahen is quoted as saying: “With the Menzgold issue, I think it is clear that the end is here. He is done.”