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

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 Breaking Otabil finally breaks silence on banking controversiesbullet
2 Nana Appiah Mensah Menzgold boss apologises to BoG after Twitter rantbullet
3 Investment banks in Ghana Top 5 investment banks in Ghana and why...bullet
4 Banking Crises Sahel Sahara and Omni Bank become latest to mergebullet
5 Capital Bank Collapse Here are the roles of a non-executive...bullet
6 Bank Collapse Capital Bank Board misused GHC 610 million from...bullet
7 Increment Fuel prices to go up again – IESbullet
8 Education Top 5 private high schools in Ghana according to...bullet
9 Collapsed Banks Here are the auditing firms for the 7...bullet
10 Banking In Ghana Stranded customers of First Allied...bullet

Top Videos

1 Former Capital Bank staff grills pork for survivalbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 Money Alert Meet Africa's richest womanbullet
4 New Discovery Ghana discovers new mineral, lithium in commercial...bullet
5 Plane Crash Starbow suspends operations following plane crashbullet
6 Support Finance minister buys Kantanka carbullet
7 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
8 New Phones Nokia MWC 2018 Event in 5 minutesbullet
9 Tech 6 reasons you should buy an iPhone SE instead of...bullet
10 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet

Business