Menzgold Ghana Limited has come to an abruptly stop their operations which will effective from today, September 13, 2018, following instruction from the Securities and Exchange Commission (SEC).
The company in a statement said that they took the decision to help bring some conclusiveness to its apparently never-ending owes.
A statement from management of Menzgold stated that following the notice from the Securities and Exchange Commission of Ghana issued on the 7thday of September, 2018, the Management of Menzgold Ghana limited in its offer to bring some certainty to the issues once and for all has decided to place a temporary stop on all additional value payments and any new business related to their Gold vault market.
According to the company, they are temporary stopping operations for six days with the hope that all pending issues would have been resolved by then.
The statement added that they are sure that this stop would not go beyond the 19thday of September 2018. This decision, though very unfavorable to them and has been informed by their commitment to the rule of law, total respect to state agents, agencies and total obedience to the state.
Menzgold Ghana Limited was asked to hang up its gold trading operations with the public by the Securities and Exchange Commission (SEC). According to the SEC, Menzgold has been trading in the purchase and deposit of gold figurines from the public and issuing contracts with guaranteed returns with clients, without a valid license from the Commission.
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