Pulse.com.gh logo
Go


Menzgold Ghana Investment company closes down its Gold Vault Market

Menzgold on their website describes the Gold Vault Market program as "a special gold market, where fine gold buy and sell leads are constantly exhibited."

  • Published:

Join the "kokonsa" clique.Don't miss a thing, get the latest updates to fuel your conversation daily

By signing up , you agree to our Privacy Policy and European users agree to the data transfer policy



Thank You! You have successfully subscribed to receive pulse.com.gh daily newsletter.

Menzgold Company Limited, an investment company has disclosed that it will shut down its Gold Vault Market from Friday, September 15 until further notice.

However, the investment company said will honour all its contractual obligations with already existing clients.

This was contained in a notice published in the Daily Graphic newspaper on August 30, 2017.

READ ALSO: Here are all the commercial properties owned by SSNIT

This announcement follows a caution by the Bank of Ghana to the general public against depositing money with Menzgold.

The Second Deputy Governor of the BoG, Dr Johnson Asiamah said the investment company was not licensed to take deposits.

He said anyone who did business with Menzgold was taking a personal risk even though the Minerals Commission had given Menzgold a licence to purchase gold.

The Corporate Manager of Menzgold, Nana Yaw Offei denied the report that it takes deposits from its customers. He explained that the company does not take deposits from customers because it is not a financial institution.

READ ALSO: Salaries paid IT boss to be retrieved

Menzgold has however assured its clients that it remains committed and shall continue to discharge its existing contractual obligations under all gold trading contracts owed its cherished clients.

About the Gold Vault Market

Menzgold on their website describes the Gold Vault Market program as "a special gold market, where fine gold buy and sell leads are constantly exhibited. Worldwide prospective buyers close on this sell leads at great profit margins, owing to the fluctuations of prices on London Bullion Market (Market dynamics)."

According to Menzgold, the programme makes it possible for traders to make profit on their gold in vault.

"...with regards to the sales transactions on the market daily, weekly, monthly or annually as the program involves continuous sales, a cycle of sales and re-stock until one decides to quit or terminate the cycle."

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 Report to work on time – Akufo-Addo tells NABCO recruitsbullet
2 How to create a verified PayPal account Learn how to create a verified...bullet
3 MTN, AirtelTigo and Vodafone to review tariffs; customers to pay morebullet
4 Investment banks in Ghana Top 5 investment banks in Ghana and why...bullet
5 Over 1 million Ghanaians have lost their jobs since 2017 – Reportbullet
6 Appointments Dr Hazel Berrard Amuah is new Human Resources...bullet
7 Ponzi schemes in Ghana These investments are Ponzi schemes...bullet
8 Mobile app to monitor performance of NABCO recruitsbullet
9 Your NABCO salary isn’t free money – Prez tells NABCO...bullet
10 Salaries In 2018 Here are the dates public workers...bullet

Top Videos

1 Support Finance minister buys Kantanka carbullet
2 Money Alert Meet Africa's richest womanbullet
3 Selorm Adadevoh MTN CEO dances Agbadzabullet
4 Forbes 2018 Africa's billionaires rich listbullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Former Capital Bank staff grills pork for survivalbullet
7 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
8 New Discovery Ghana discovers new mineral, lithium in...bullet
9 New Phone Nokia’s MWC 2018 Event in Under 10 Minutesbullet
10 New Phone Nokia’s MWC 2018 event in 7 minutesbullet

Business

X
Advertisement