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.
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.”
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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