Menzgold will not exist again – Deputy Finance Minister - 233Ghana
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Menzgold will not exist again – Deputy Finance Minister

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Menzgold will not exist again – Deputy Finance Minister

Deputy Minister of Finance has hinted that the Gold dealership company, Menzgold will not be in business again in Ghana.

According to the Deputy Minister, after several cautions from the Bank of Ghana and the Security and Exchange Commission, Menzgold has not been able to produce any legitimate license to the regulators thereby making their activities in the financial sector illegal.

The Securities and Exchange Commission some few months ago wrote to Gold dealership company Menzgold to shut down all investment trading in gold

In a September 3, 2018 letter signed by Deputy Director General, Paul Ababio, said: “In September 2017, the SEC issued a public notice indicating that it does not regulate Menzgold. The SEC began to further investigations into the activities of Menzgold in July 2018. In August 2018, the Commission called for an inter-sectoral meeting that involved the Minerals Commission, Bank of Ghana and the Securities and Exchange Commission. The Meeting concluded that it is evident Menzgold’s activities appear to go beyond the mandate authorised in its license”.

The letter from SEC added that failure by Menzgold to comply with the directive “will lead to the SEC employing other relevant measures under the law to enforce compliance.”

As a response to the letter from the Security and Exchange Commission, Menzgold on September 13, 2018, announced that it has temporarily halted its collectibles and any new business related to its gold vault market with immediate effect and since the halt of business, Menzgold not being able to resume till date.

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Eventually, Menzgold on September 27, 2018, hauled the Securities and Exchange Commission (SEC) and the Bank of Ghana (BoG) to court over what it deemed as an unfair treatment being meted out to the company.

Menzgold in its suit is seeking an order from the court to halt these two state institutions from interfering in its business and operations. The gold dealership company is also asking the court to stop the BoG and the SEC from further publishing what it described as “derogatory notices” against its business.

However, speaking at a JoyBusiness Financial Service Forum themed “The Changing Tide of Ghana’s Financial Service Sector: The Cause, The Cost, the Clean up” monitored by Ghanatalksbusiness.com, Deputy Finance Minister, Charles Adu Boahen disclosed that “With the Menzgold issue, I think it is clear that the end is here. He is done”

He also cautioned that irrespective of the fact that, Menzgold’s activities have been terminated, the Management must pay every depositor’s money without fail.

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You’re Stupid If You Migrate To Menzgold Online Platform – Kennedy Agyapong Fires (Video)

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Kennedy Agyapong

The MP for Assin Central, Kennedy Agyapong has waded into the Menzgold brouhaha again, this time around, lashing it out on customers of the company who have decided to migrate their investments unto their online platform, Menzgold Global.

Kennedy Agyapong who said this without fear on Adom TV’s ‘Badwan’ posited that, the online platform introduced by Menzgold is another clevel scheme to steal from Ghanaians by the owners of the company and as such no sensible person would fall for it.

Kennedy Agyapong who was vociferous in his submission added that the assets of the company and that of its directors should be seized and sold to pay off the principals of those who invested with the company.

He added that lots of Ghanaians have invested heavily with the company and some are even shy to disclose the amount they invested in the company and that some people are dying inwardly but cannot speak out because of fear of being mocked for being ‘greedy’.

Menzgold Ghana was shut down by the Securities and Exchange Commission in September after the company failed to submit certain documents demanded by SEC.

Although the company threatened a legal action and hired international lawyers to defend them in court, so they can be made to continue operation, little has been heard about the progress of that issue so far.

Nana Appiah in his first public interview on Zylofon FM recently, stated that although SEC and BoG were just carrying out their mandated duties, he didn’t find the licenses they wanted him to get necessary.

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In his interview, he urged customers to migrate their investments from Menzgold Ghana to Menzgold Global, so they can continue enjoying their extra-value payments. In a press statement, the company had said it was going to pay 15% of principal starting from 9th November for those who wish to terminate their contract with the company.

Ken has been an ardent critic of the company, describing Nana Appiah as a small boy and revealed that he had sent people to him in the past to get him to invest in his company but he drove them away.

Watch the full video below:

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Woman Sues Her Ex Due To His “Abnormally Long” P£nis That Stretched Out Her [email protected]

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Silindile Mangena, 29, from Harare, Zimbabwe, said that her [email protected] was ‘tight’ before she met her ex, Mugove Kurima, in 2016. Kurima, 37, who was reportedly married at the time of the stretching, met Mangena, fell in love and started a relationship.

However, she told the Zimbabwe Mail that she slammed on the brakes to this relationship in May after his p3nis had stretched her out so much that she now claims no man can fill the void that her ex left.

As of press time, it has not been confirmed how big his p3nis actually is. She now wants to have [email protected] reconstructive surgery which costs a massive $9,000 and is taking him to court in order to have him pay the fee.

Kurima has not yet responded to the allegations.

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Man Dies From Electrocution While Testing New S£X Doll – WATCH VIDEO

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31-year old Barry Smith died yesterday while testing a new s£x doll he was attempting to create. He was not satisfied with the current s£x dolls in the market, so he decided he was going to create a brand new s£x doll which would beat the rest. “Innovation is key”, he said once.

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His goal was to create new s£x doll with fake orgasms, fake moans, which can move on top of your like a real woman. He also wanted it to be able to perform fellatio.

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Unfortunately, during the testing process of a prototype, he was electrocuted. He died on his way to the hospital.

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His brother, Larry Smith, said he was going to retake the project, even if he needs to die in the process as well. “Sacrifices must be made in the name of science”, he said.

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