Tracy Sarkcess, wife of multiple award-winning rapper, Sarkodie has leap to the defence of commercial gold bars service dealers, Menzgold Ghana Limited and called on the central bank to stop interfering in the affairs rather, focus on the collapsing banks.
According to her, Menzgold doesn’t take deposits like the central bank want us to believe.
The mother of Adalyn Owusu Addo affectionately called, Titi, who acted more or like a publicist insisted they [Menzgold] do not take deposits or anything related.
“Menzgold doesn’t take deposit. They buy gold with the money you give them and work with that gold to give you a return on your investment.
She went on to school the BoG on how they operate and advised they rather concentrate on the banks looting the citizenry of their monies.
“…the last time i checked was around 10%. BOG should rather concentrate on the banks misappropriating people’s money rather than the ones actually making money for its people. .”
The Central Bank issued a statement yesterday that, after several cautions to Menzgold to desist from solicitation, receipt of money and the payment of dividends to its clients the company persists in its deposit-taking activities in breach of section 6 (1) of Banks and Specialize Deposit –Taking Institutions Act 2016 (Act 930).
The Bank of Ghana in a notice again, reiterated that MenzGold Ghana is NOT LICENSED and has no authority to engage in the solicitation, receipt of
“we are in discussion with other relevant regulatory authorities towards the taking of appropriate action against the company”.
“anyone who transacts any of the above mention business with MenzGold Ghana does so at his or her own risk and Bank of Ghana would not liable in the event of any loss or investments or deposits.”.
The CEO of the gold firm, Nana Appiah Mensah responding to their claims, took a swipe at the mother bank, saying
“TODAY’S JOKE: Bank of Ghana, so now you dey do propaganda?😀😀😀 I beg paa “Tell Ghanaians exactly what happened with the 5 or so collapsed banks you duly LICENSED & SUPERVISED for years. Please don’t attempt to use our dear Menzgold to cover up😎. I beg make we think!”
About Menzgold Ghana Limited
Menzgold Ghana Limited is one of Ghana’s most respected independent gold firm comprising a team with diverse professional background, knowledge, experience and capability.
They provide market leading advice, valuation, management, brokerage and transaction support to investors, corporate bodies, government departments etc
About Bank of Ghana [BoG]
The Bank of Ghana is the central bank, which supervise and regulate in all matters relating to banking and non-banking financial business with the purpose to achieve a sound, efficient banking system in the interest of depositors and other customers of these institutions and the economy as a whole.