SEC warns against trading with Chy Century Heng Yue Group Limited, Sairuir-Commerce Ghana Limited

The Securities and Exchange Commission (SEC) has warned the public to abstain from engaging in any capital market activity with Chy Century Heng Yue Group Limited and Sairuir-Commerce Ghana Limited. According to SEC, the two entities have not been licensed to invest or trade for returns as mandated by Section 3 of the Securities Industry […]

Take Responsibility and pay us our money: MenzGold customers to government

 Aggrieved customers of MenzGold who have been chasing the folded up company for their locked up investments are calling on government to take responsibility of the crisis and pay them their money. The customers who say there is no difference between them and other customers of shut-down financial institutions hence there is the need for […]

Banking crisis not cause of collapse of Fund Management Companies-SEC Boss clarifies

The Securities and Exchange Commission (SEC) has distanced the recent revocation of the licenses of the 53 fund management companies from the banking sector shake-up stating that the latter is not responsible for the current happenings in the securities sector. According to SEC, although some collapsed fund managers had their funds locked up in savings […]

Closure of 53 Fund Managers: Securities Association demands clarity on processes to retrieve locked up cash

The Ghana Securities Industry Association (GSIA) wants the Securities and Exchanges Commission to be clear on the processes put in place for customers who invested their monies in the 53 fund management companies whose licenses had been revoked to retrieve their investments. This, the Associations says, will help minimise the adverse impacts of low investor […]

Gov’t position on Menzgold vindicates us, we told Ghanaians we were not under SEC or BoG-Menzgold PRO

Distressed gold trading firm, Menzgold says government’s position on its predicament vindicates the company’s long held position that it was not under the Securities and Exchange Commission or the Bank of Ghana and therefore could not be sanctioned by the two state entities. In a statement cataloguing its position on the Menzgold matter yesterday, government […]

Things were rosy for 5 years until you put sand in our gari-Menzgold customers blame gov’t

Customers of Gold trading firm Menzgold say they were enjoying their investments with the company over the last 5 years without any challenges until government decided to ‘muddy’ the waters for them. According to the customers who stormed the streets of Accra yesterday to protest the delay by the company in paying them their entitlements, […]