09 August 2017

We Have A License To Buy And Sell Gold – Menzgold Replies The Bank of Ghana



Menzgold Company Limited has hit back at the Bank of Ghana following a warning from the institution for the public to refrain from depositing money with the company because it had not been registered with the central bank.

According to the Corporate Manager of the company, Nana Yaw Offei, the company does not take deposits and only specialises in the buying and selling of Gold, for which they actually have a license.

“Menzgold Ghana Limited is a gold dealing firm, we buy gold and sell gold. All our operations or whatever we do in our outlet is directly linked to the sale and purchase of gold.” he said.

“For that reason, we have acquired the license that gives us the chance to buy gold and sell gold that is by the Minerals Commission of the Republic of Ghana. We are not a micro finance, neither are we a financial institution and so we do not take deposits in anyway.”

The denial has become necessary following the Central Bank’s warning, which has certainly brought suspicion of the company into the eyes of the public.

“We have referred the matter to our legal team headed by Kwame Akufo to look at the issue, we are a law abiding firm and so we are asking them to assist us to bring the issue to a close.” Offei added.

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