Menzgold Closed Down by Securities and Exchanges Commission

Menzgold Ghana Limited has been closed down by the Securities and Exchange Commission as at today, 12TH September 2018 in a letter reaching Ghpage.com signed by Paul Ababio Deputy Director General.

According to the Securities and Exchange Commission, Menzgold owned by Nana Appiah Mensah has violated the operating permits given to the establishment.

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Part of the sighted by GHPAGE.COM reads:

“Accordingly, the SEC hereby directs Menzgold Company Ltd to shut down immediately the business of trading in gold collectibles with guaranteed returns to clients which constitutes, in essence, dealing in securities with neither the necessary license nor disclosures authorized by the SEC. No new contracts should be created and all advertising of the investment business halted with immediate effect.”

Letter From Security and Exchange Commission closing down Menzgold

MenzGold, Bank of Ghana, and Security and Exchange Commission have been in a brawl for weeks now. Bank of Ghana accused Menzgold of operating without a license. But Menzgold called their bluff and stated they are licensed under the Mineral commision.

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MORE TO FOLLOW SOON. Stay With GhPage.com.

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Rashad is a seasoned entertainment and lifestyle journalist who holds a Bachelor of Arts certificate in Social And Development Administration. He is also an award-winning publicist and social media enthusiast. For all your adverts, services and any related needs, you can reach Rashad on +233203713877 WhatsApp +233245475186 Email: [email protected] Do well to follow him on all his social media handles below and have A-Z news update on all trending issues