‘Make we think’ – Menzgold boss jabs BoG

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The Chief Executive Officer (CEO) for Menzgold, Nana Appiah Mensah, has asked the Central Bank of Ghana (BoG) not to use Menzgold as cover up for their inability to perform its supervisor role. 

The Central bank announced that it will soon take disciplinary actions against Menzgold Ghana Company Limited for taking deposits.

According to the Bank of Ghana (BoG), Menzgold, which is  also a precious minerals trading company, is carrying out unlawful transactions by taking deposits.

In a press release, BoG mentioned that Menzgold has not been mandated in the solicitation, receipt of money or investment and the payment of dividends or returns to its clients.

The Chief Executive Officer (CEO) for Menzgold, Nana Appiah Mensah, in an Instagram post asked the BoG to tell Ghanaians exactly what happened with the banks it duly licensed & supervised for years.

He hinted that Menzgold does not operate under Act 960 and that BoG is not its regulator.

Read post below:

“TODAY’S JOKE: Bank of Ghana, so now you dey do propaganda? I beg paa “Tell Ghanaians exactly what happened with the 5 or so collapsed banks you duly LICENSED & SUPERVISED for years. Please don’t attempt to use our dear Menzgold to cover up. I beg make we think!”.

 “BoG is not my regulator. Get your facts right. I do not operate under Act 930. Therefore, BoG does not have jurisdiction over my business plus the baseless allegations. We had a year-long meeting with the central bank and resolved, that should have been the end of the matter”.

Ghana | atinkaonline.com | Vivian Adu Boatemaa