Board Chairman of Menzgold, Fred Ohene Frimpong says Menzgold is here to stay.
‘’We are here to stay. Menzgold is not going anywhere.’’
He was reacting to the directive by the Securities Exchange Commission (SEC) in an interview on ‘Epa Hoa Daben’ on Happy FM, to a letter dated September 7, that read ‘’…Accordingly, 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 authorised by SEC. No new contracts should be created and all advertising of the investment business halted with immediate effect’’
He also stressed that Menzgold’s licence has not expired.
“It is a blatant lie. If there are lapses, SEC shouldn’t crucify and set us down, sit with us, “he exclaimed!
“We are willing to comply with all Government agencies to resolve these challenges. Why the unholy haste,” he quizzed.
He however assured all customers of Menzgold saying ‘’Let me reassure our clients that not a cent of their investment will be lost.”
The SEC directive does not affect Menzgold’s other business dealings such as assaying, purchasing gold from small-scale miners and export of gold which is regulated by minerals commission. Menzgold also operates in countries like Nigeria, Spain, the United Kingdom and the United States of America.
By: Bridget Mensah