Securities and Exchange Commission shuts down Menzgold Company limited

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The Securities and Exchange Commission has instructed Menzgold Company Limited to shut down its operations immediately.

The commission is accusing the company of operating beyond its bounds without proper licensing and permission.

The shutdown is in respects of the company’s business of collectibles with guaranteed returns to clients which the commission says amounts to dealing in Securities with neither the necessary license nor disclosures authorized by the commission.

A letter authorizing the shutdown of the company and intercepted by, also directed that the company should refrain from creating any new contracts, adding that advertising of the investment business should also be halted with immediate effect.

The letter was signed by the Deputy Director General of the Securities and Exchange Commission, Paul Ababio.

Attached is the letter authorizing the closure of the company and details therein.




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Kennedy Mornah is an Award Winning Ghanaian Journalist with over two decades of experience in the Ghanaian Media landscape spanning the electronic, print and digital media. He is a Media Consultant, a Corporate MC, Radio and TV Host, Founder and Publisher of the Maritime and Transport Digest Newspaper, Businessman, a Go getter and an optimist. He has worked for renowned media organizations including Diamond Fm in Tamale, Luv Fm in Kumasi, Oman Fm in Accra and Starr Fm in Accra In 2017 he received the Reporter of the Year Award at the Ghana Shippers Awards in Accra, Ghana.

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