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, […]
Tag: SEC
Who are Menzgold’s actual lawyers, Kwame Akuffo & Co or Baker & McKenzie – Ghanaians ask
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 […]
Menzgold refuses to tell actual number of customers the company has
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 […]
Just in: Menzgold officially sues BoG and SEC
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 […]
Securities and Exchange Commission shuts down Menzgold Company limited
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 […]
Alert: Stephen Asamoah Boateng shielding corrupt officials at BOST-Journalist alleges
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 […]