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 […]
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, […]
Many observers in the ongoing Menzgold Ghana brouhaha seems to be taken aback by the fact that the company rather chose to hire the services of local law firm Kwame Akuffo & Co instead of the heavily touted UK law firm Baker & McKenzie that the company advertised earlier. The company in the heat of […]
Gold trading firm Menzgold Ghana has refused to tell the actual number of people who are customers of the company. This is because at a press conference organized by the company Thursday September 27, 2018 to outline a payment plan for customers of the company whose dividends are due, the company blatantly refused to answer […]
Menzgold Ghana has through its lawyers, Kwame Boafo Akuffo & Co, sued the Bank of Ghana and the Securities and Exchange Commission. The Bank of Ghana is the first defendant and the Securities and Exchange Commission, the second defendant. The plaintiff seeks among other things, a declaration that its business does not fall within the […]
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 […]
Freelance Journalist Listowel Nana Poku is accusing Chairman of the State Enterprises Commission Stephen Asamoah Boateng of making subtle moves to shield some corrupt officials at the Bulk Oil Storage and Transportation Company (BOST). According to him, he has gathered reliable information that points to the fact that Mr. Asamoah Boateng is trying to interfere […]
