You are here: Home → News → 2018 09 12 → Article 684357

SEC stops Menzgold from gold investment trading

Read Article

Comments (94)

Comment: GOVT DOING EVERYTHING TO DESTROY MENZGOL

Author:
KINGDOM
Date:
2018-09-12 12:47:32
Comment to:
SEC stops Menzgold from gold investment trading


It's very clear that Ghana government is doing everything to destroy MENZGOLD by creating panic withdrawal.... Why why why...... MENZGOLD has initiated talks with these institutions to streamline operations YET GOVT IS ONLY INTERESTED IN DESTROYING MENZGOLD THROUGH PANIC WITHDRAWALS..... WHY WHY WHY..... WHO IS BEHIND THIS EVIL MOTIVE....
Your Comment:
Subject:


Your Name:


 
 
Comment to Article
09-12 12:40
 
 
 
Blame Akufo Addo HMMMMMM

(click to comment on this comment)
MaxBig
09-12 12:40
 
 
 
 
Give him the license to operate Give menzgold the license it needs to operate

(click to comment on this comment)
Louis
09-12 12:53
 
 
 
 
 
OH YES GIVE HIM THE LICENCE TO OPERATE Why is he being denied the license to operate.... Why why why..... What do you gain by destroying MENZGOLD...

(click to comment on this comment)
KINGDOM
09-12 12:57
 
 
 
 
 
 
LICENSES ARE NOT CHOCOLATES Too many illiterates on this platform. You have to prove that you're qualified to operate before you're given the license. Licenses are not biscuits or chocolates!

(click to comment on this comment)
Yakubu Ayariga, Bawku
09-12 13:04
 
 
 
 
 
 
 
YAKUBU AYARIGA BAWKU TYPICAL JEALOUSY So what does it take to qualify for a license...... You envious jealous people are always suffering poverty because of your negativity and hatred for people's progress..... Why don't you focus on your own progress and stop th

(click to read full comment or to comment on this comment)
KINGDOM
09-12 13:30
 
 
 
 
 
 
 
Thanks for the comment Ghanaians are blinded and fails to see right as right until wrong creates problem and they blame. This Menz Gold thing has been a time bomb set to explode at any moment. Ghanaians will oppose every step to correct it until it

(click to read full comment or to comment on this comment)
Bomber
09-12 13:36
 
 
 
 
 
 
 
WHAT MAKES U THINK HE DOESN'T QUALIFY? And what makes u think that he doesn't qualify? Is he not a ghanaian? has he not gotten the required capital deposit? has he not gotten the qualified personnel at working for him to that effect? Mr. Literate, i would rath

(click to read full comment or to comment on this comment)
Nana Yaw
09-12 13:41
 
 
 
 
 
 
 
 
Re: WHAT MAKES U THINK HE DOESN'T QUALIFY? Menzgold,in it's capacity applied for a license to do a particular business, why didn't menzgold knowing very well their line of business didn't apply for the right license to operate it's business module. I do not wish for a

(click to read full comment or to comment on this comment)
Kwabena
09-12 13:59
 
 
 
 
 
 
 
 
Ignorance Where were you when DKM was dishing out unsustainable mouth-watering interests only to collapse a few months after. The regulator is speaking and acting. Keep quiet or relocate if you cannot take it! Prevention is better than

(click to read full comment or to comment on this comment)
Kayla
09-12 14:11
 
 
 
 
 
 
 
Re: LICENSES ARE NOT CHOCOLATES Thank you. I have observed that there are too many semi literates on this platform pretending to understand the issues at stake. What is even nauseating is the ones who just result to insults.

(click to comment on this comment)
Kwabena
09-12 13:51
 
 
 
 
 
 
 
 
Re: LICENSES ARE NOT CHOCOLATES Thank you. I have observed that there too many semi literates on this platform pretending to understand the issues at stake. What is even nauseating is the ones who just resort to insults.

(click to comment on this comment)
Kwabena
09-12 14:06
 
 
 
 
 
 
 
You blast paaaaa hahahaha yakubu you blast paaaa

(click to comment on this comment)
mama pee
09-12 16:07
 
 
 
 
 
 
MENZGOLD 200% PONZI SCHEME These guys are taking your money for free and should have been stopped long long t.ime

(click to comment on this comment)
moyo
09-12 14:04
 
 
 
 
 
SC TRADING DEPRECIATES THE CEDI THE RIGHT THINGS MUST BE DONE. IF A FONANCIAL CLEANUP IS NECESSARY, SO BE IT. THIS WHOLE MENZGOLD THING IS LIKE LEGALIZED SAKAWA BUSINESS.

(click to comment on this comment)
AKOSUA DOMPO, KUMASI
09-12 13:21
 
 
 
 
 
 
Thanks for the comment goog

(click to comment on this comment)
Bomber
09-12 13:37
 
 
 
 
 
 
Re: SC TRADING DEPRECIATES THE CEDI Ur pussy sakawa. Kwasiakwa. Does sec has a website. Stupid country.

(click to comment on this comment)
Agoloshi
09-12 13:49
 
 
 
 
 
 
SEC IS DERELICT IN ITS MANDATE "...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

(click to read full comment or to comment on this comment)
Kwabena Yeboah
09-12 15:36
 
 
 
 
shit hole country Enemy of progress... shit hole country! and fools will bring politics into this

(click to comment on this comment)
yerni
09-12 12:55
 
 
 
 
 
WHAT IS NPP GAINING BY DESTROYING MENZGO These are serious issues to discuss indoors yet government prefers to destroy MENZGOLD by these inflammatory publications.... Why why why

(click to comment on this comment)
KINGDOM
09-12 12:59
 
 
 
 
 
 
GHANAIANS LACK CRITICAL THINKING It gains a lot by destroying Ponzi scheme companies. The get-rich-quick attitude of Ghanaians have made us extremely vulnerable to all predatory activities. The DKM debacle showed us that Ghanaians lack critical thinking in t

(click to read full comment or to comment on this comment)
EBBY
09-12 13:26
 
 
 
 
Re: Blame Akufo Addo May you give them the required license to operate, since it's a GHANAIAN FIRM/COMPANY. What will be hurting is to STOP them them from operating and allow FOREIGN FIRMS to do the same. Let's encourage ourselves rather than pav

(click to read full comment or to comment on this comment)
Concern
09-12 15:18
 
 
 
 
be educated government will close down any ponzi scheme business. many of these businesses had been closed down in the ivory coast. get your your money our if you can quickly. don't blame government, blame yourself for the lack of knowle

(click to read full comment or to comment on this comment)
Jim
09-12 15:52
 
 
 
Re: SEC stops Menzgold from gold investment tradin Pay the dwarf.

(click to comment on this comment)
Lori
09-12 12:43
 
 
 
 
SO IBRAHIM MAHAMA SHOULD BE ONLY ONE TO So IBRAHIM MAHAMA should be the only gold trader eh?...... Loading gold to trade internationally...... Nobody.. No ordinary Ghanaians should benefit eh?....

(click to comment on this comment)
KINGDOM
09-12 12:54
 
 
 
 
 
Crap Nonsense...is Ibrahim Mahama bro the head of SEC??why do u guys always bring in Mahama family in anything being done in the country even after the exit of Mahama...Tell Akuffo Addo got to stop 'killing' Ghanaians businesses..

(click to read full comment or to comment on this comment)
Kwasi kumasi
09-12 13:01
 
 
 
GOVT DOING EVERYTHING TO DESTROY MENZGOL
KINGDOM
09-12 12:47
 
 
 
 
It's a scam. Government is correct Menzgold is a ponzi scheme. The government has an obligation to protect Ghanaians

(click to comment on this comment)
Kanewu
09-12 13:25
 
 
 
 
 
Ghana Then he rather protect them from the churches .

(click to comment on this comment)
Ebibiman
09-12 19:17
 
 
 
GOLDBUYERS DON'T EXPECT GOVT TO BAIL OUT Gold buyers don't expect government to come to their aid because we the buyers know the nature of the business.... So why is Ghana government allowing these institutions to just cause panic withdrawal just in attempt to destr

(click to read full comment or to comment on this comment)
KINGDOM
09-12 12:52
 
 
 
 
Re: GOLDBUYERS DON'T EXPECT GOVT TO BAIL OUT Ofui, would you say the same about dope heads. Should the government stop protecting tramadol addicts from drug pushers?

(click to comment on this comment)
Socrates
09-12 14:58
 
 
 
 
STUPID GHANAIANS Kingdom, he has the license to buy gold from small scale miners which the government through SEC has admitted but the guy is doing more than that. He is ooerating like a Bank or an investment firm which he has no licence to d

(click to read full comment or to comment on this comment)
SARPONG
09-12 15:04
 
 
 
Re: SEC stops Menzgold from gold investment tradin Why they don't want to obey the instructions about their businesses they are doing to save them from all this then to blame the government of the day

(click to comment on this comment)
AMA USA
09-12 12:55
 
 
 
 
NPP GOVT DON'T U HAVE ENOUGH PROBLEMS AL Already there are serious issues yet people want to create more problems by destroying MENZGOLD.... And npp government is watching without weighing the consequences of such deliberate destruction of people's investments in ME

(click to read full comment or to comment on this comment)
KINGDOM
09-12 13:02
 
 
 
I will still put my money there Forget these greedy ppl. I even went to put money there today. siafo) You sack us from our jobs, and now you want to stop us from feeding our children. Demons!!!

(click to comment on this comment)
yaw
09-12 13:02
 
 
 
Re: SEC stops Menzgold from gold investment tradin Comments from ignorant and corrupt people just like their Nana Appiah. The man is simply doing illegal banking and corrupt Ghanaians are defending him and rather insulting the President and the Governor. Thieves are always no

(click to read full comment or to comment on this comment)
ASEMPA
09-12 13:03
 
 
 
 
NDC WOULD GIVE LICENSE TO THIEVES Of illiteracy & ignorance. Banking is regulated by law. This is done all over the world, & explains why banks in developed countries are efficient & reliable. They are all regulated.

(click to comment on this comment)
Yakubu Ayariga, Bawku
09-12 13:13
 
 
 
leave menzgold alone Nana Addo If u don't stop meddling in d affairs of menzgold u will 2020,election porttorrr

(click to comment on this comment)
Asante
09-12 13:07
 
 
 
HELP THE GUY WHY CANT WE HELP OUR OWN KORAA. THIS GUY IS DOING A LOT FOR THE COUNTRY, JUST HELP HIM TO LEGITIMISE AND DO HIS WORK...

(click to comment on this comment)
Wasteman
09-12 13:08
 
 
 
 
Re: HELP THE GUY My brother, ask yourself why he doesn't want to help himself. This issue has been lingering on for about 3 years now if my memory serves me right. I just couldn't believe how naive Nam 1 could be when instead of using tactful

(click to read full comment or to comment on this comment)
Kwabena
09-12 14:17
 
 
 
What was Mahama appointees doing In bed with boiler room companies?

(click to comment on this comment)
Effie
09-12 13:10
 
 
 
Smart Nana Appiah is very smart. He has invested in other things

(click to comment on this comment)
Nam1
09-12 13:11
 
 
 
 
Ignorance is Bliss You are clueless

(click to comment on this comment)
Alpha
09-12 14:54
 
 
 
Is mezgold private or public company? If it is a public company then the authorities may be right with regards to the laws of the country, regulations and practices

(click to comment on this comment)
Effie
09-12 13:16
 
 
 
Re: SEC stops Menzgold from gold investment tradin BiIG MOUTH go to court to assert your rights? Where is your silly talking Lawyer Akuffo? Boys from Akropong Akuapim de talk ooo. !

(click to comment on this comment)
Dogo Yaro
09-12 13:23
 
 
 
 
Let the laws work Stop the insults and leave Kwame alone. The SEC is right to close it down. After all, menzgold was operating without licence and the previous administration look un concerned.People! we should allow the laws of Ghana to work.

(click to read full comment or to comment on this comment)
JOY
09-12 13:49
 
 
 
 
 
Re: Let the laws work Joy you missed the sarcasm? Shalom !

(click to comment on this comment)
Dogo Yaro
09-12 16:39
 
 
 
Ponzi Scheme Kudos to the government for stopping this fraud

(click to comment on this comment)
Kanewu
09-12 13:24
 
 
 
ILLEGALlITIES UNDER IDIOT MAHAMA All these shitty stuff are from Mahama era and while the current govt is cleaning the mess, u have illiterate dumbasses throwing filth at the people who are bold to do it. U had professor wampa and Dr ishahaku that supervis

(click to read full comment or to comment on this comment)
UncleAtoUsa
09-12 13:25
 
 
 
shut down of Menzgold This is my problem I have about Ghanaian Institutions look at this lazy ass instead of thinking outside the box to formalize the man's business you are hurriedly writing to kill the business and go back and sit in as hole off

(click to read full comment or to comment on this comment)
Andy Takoradi.
09-12 13:29
 
 
 
WHAT HAPPENS TO CUSTOMERS INVESTMENT SO WHAT HAPPENS TO THOSE WHO HAVE ALREADY INVESTED? WHAT HAPPENS TO THEIR MONEY.....? WHAT ARE THE DIRECTIVES THAT SEC HAS GIVEN IN RELATION TO THAT, OR IS SEC EXPECTING MENZGOLD TO BE CLOSED DOWN WITH THE MONEY INVESTED NOT

(click to read full comment or to comment on this comment)
Kiki
09-12 13:31
 
 
 
SEC stops Menzgold gold activities. why are the people in charge of Menzgold not properly charged? Who are these people? What is going on this country?

(click to comment on this comment)
0SAF0 KANTANKA.
09-12 13:31
 
 
 
Re: SEC stops Menzgold from gold investment tradin LEAVE THE YOUNG MAN ALINE HATERS!!!

(click to comment on this comment)
She
09-12 13:37
 
 
 
Re: SEC stops Menzgold from gold investment tradin The government is bad at creating jobs yet when citizens are trying to create jobs and better opportunities, they try to hold them back. What kind of country is this?

(click to comment on this comment)
Dj
09-12 13:41
 
 
 
Re: SEC stops Menzgold from gold investment tradin Shithole country

(click to comment on this comment)
aban
09-12 13:43
 
 
 
Re: SEC stops Menzgold from gold investment tradin Just sell your assets. Sack your employees. And relocate to europe where your legitimate dealings would be supported. You own no one development

(click to comment on this comment)
Alan
09-12 13:46
 
 
 
Re: SEC stops Menzgold from gold investment tradin Ghana is "FREE COUNTRY" in deed, the ordinary citizen is a slave in his own land and the leaders have teamed up with kings and top business people to enslave the rest of the population. The slaves love to worship them, they a

(click to read full comment or to comment on this comment)
T N T
09-12 13:47
 
 
 
Unrealistic profits. It's a scam The price of gold on the international market does is a clear indication that Mezigold is engaged in illegal activity and must be shutdown. It's a ponzi scheme

(click to comment on this comment)
Kanewu
09-12 13:48
 
 
 
Re: SEC stops Menzgold from gold investment tradin Fellow ghanaian. This government was applauded for collasing small scale mining instead for helping to regularised it in the at most 6 months period.Look at menzgold now, instead of protecting the investment of the people be

(click to read full comment or to comment on this comment)
ABAAS
09-12 13:48
 
 
 
Menzgold Nigeria & Spain is Open. The problem is Ghana’s banking sector is the biggest scam and simply can’t compete with Menzgold investment firm, imagine the highest interest rate you can find on the banking sector is 10% a year and Menzgold is giving 1

(click to read full comment or to comment on this comment)
Fire
09-12 13:50
 
 
 
 
Re: Menzgold Nigeria & Spain is Open. My man, you would be surprised to know that menzgold Spain does not take deposits the way they do in Ghana. Please find out very well.

(click to comment on this comment)
Kwabena
09-12 14:27
 
 
 
 
 
THINK Why r u worrying urself,let him go and invest where ever want.I pray they do not blame any government after they get scammed.Believe me if DKM comes back today with the same business and name.u will get ppl who will still giv

(click to read full comment or to comment on this comment)
OLUWASESAN
09-12 14:47
 
 
 
Dialogue and stop this nonsense This is a Ghanaian owned business. Everybody knows him. Sit down and sort out things and stop destroying rhe business. What kind of nonsense koraa bi this

(click to comment on this comment)
Papase
09-12 13:52
 
 
 
Nana Appiah No shaky Nana just do what the law says and keep on with your biz. God has already bless you.

(click to comment on this comment)
SAY SAY
09-12 14:08
 
 
 
KILL HIS BUSINESS AND TAKE IT OVER AS USUAL ENVIOUS POLITICIANS WANT TO KILL HIS BUSINESS AND THE NEXT TIME YOU SEE, THEY HAVE TAKEN IT OVER AND HAVE STARTED DOING IT THEMSELVES. SHAMEFUL PEOPLE.

(click to comment on this comment)
BB
09-12 14:13
 
 
 
What's happening? It's obvious that Menzgold has been a target for sometime.

(click to comment on this comment)
Nyebro
09-12 14:13
 
 
 
 
NPP FOR YOU..FOOLS IN POWER.. NPP GOVERMENT UNDER AKUFFO ADDO IS A DISGRACE TO MOTHERGHANA.LIVE MENZGOLD ALONE TO DO THEIR WORK, EVEN AKUFFO ADDO OPERATE A LAW FIRM WITHOUT A LAWYER CETIFICATE... FROM 1974 TO 2016, AND NOW THE MOST INCOMPITENCE PRESIDENT

(click to read full comment or to comment on this comment)
NAA BANZIE
09-12 14:43
 
 
 
Re: SEC stops Menzgold from gold investment tradin Eiii Ghana.. Ahuoyaa nkoaa PHD sydrome

(click to comment on this comment)
Ria
09-12 14:17
 
 
 
 
Re: SEC stops Menzgold from gold investment tradin Really? do you remember ut bank? Where are they today with all their awards and song sheets? Get your head out of the sand bro and think

(click to comment on this comment)
New Kid
09-12 14:36
 
 
 
Ghana is working again Just because we are no longer sending our monies to Data Bank for Ken Ofori Attah to enrich himself with, see what they are doing to a business that is helping the ordinary man

(click to comment on this comment)
BAWUMIA IS A BIG LIE TO GHANA
09-12 14:18
 
 
 
Nana Addo's Confusion. Akufo Addo will discover after 4 years in office,that because of poor planning, he has achieved much less than he promised. Confusion, confusion, confusion. He simply" has not got the men". Since we cannot go back to Mahama's

(click to read full comment or to comment on this comment)
ttt/4
09-12 14:18
 
 
 
Oyiwa Asem aba!!! I smell inside conniving. "If government has taken my/your gold how can I give you your investment"

(click to comment on this comment)
Baby Nii
09-12 14:19
 
 
 
Re: SEC stops Menzgold from gold investment tradin So this NPP government is hell bent on collapsing vibrant indigenous business initiatives in this country. Creation of employment mantra, my foot!! When a wicked man rules......

(click to comment on this comment)
THE PROPHET
09-12 14:24
 
 
 
Watch out, think with your heads I remember the same lofty praises being sung about Amoabeng until UT BANK went down and now see what mess he left behind. If this guy is not checked he's going to leave a bigger hole than ut and capital banks

(click to comment on this comment)
New Kid
09-12 14:32
 
 
 
Thank U Ghana for given me other option I think I have to join these guys for their night operations as Asual, mind made up, even Jesus Christ can’t change this decision, the strongest survive.

(click to comment on this comment)
Unknown
09-12 14:34
 
 
 
Menzgold BoG,menzgold has been operating for the past five years. All what BoG does is to issue disclaimer without reasonable effort to stop its operations whilst investors continued to benefit from their extra value. I don't know w

(click to read full comment or to comment on this comment)
Kwaku
09-12 14:44
 
 
 
 
419 business Nonsense write-up.Even when they caution ed the public greedy and get-rich-quick Ghanaians won't listen.w by shd BOG endorse fraudulent business simple bcos he is Ghanaian.No sympathy if they loss their capital.lazy people

(click to comment on this comment)
Aklogo
09-12 16:25
 
 
 
 
Read well Who told you that he applied for the license and was denied The man is not accepting that he is doing anything wrong So how do you expect the regulator to handle him When u are finally scammed then u will known

(click to comment on this comment)
Northern Boy
09-13 06:15
 
 
 
Why take tax from them Why has the government all this while being taking tax from an organisation believed to be illegal?

(click to comment on this comment)
Aberinga
09-12 14:47
 
 
 
Hmmmm When would this government think at all so fa no job has been created but their all their interested is taken jobs from ppl unnecessary promises

(click to comment on this comment)
Don
09-12 14:54
 
 
 
Re: SEC stops Menzgold from gold investment tradin Legalities. Do things right

(click to comment on this comment)
Aku
09-12 14:59
 
 
 
Relocate Can I find any country out there ready to give me citizenship? Ghana is finished! A country that hunts and haunts its citizens and businesses is not worth living in

(click to comment on this comment)
Dave
09-12 14:59
 
 
 
This is a good move Now when customers request their deposits back, then we will see what happens. These guys are just running a ponzi scheme. If BOG doesn't act and Menzgold perpetuates an advanced version of DKM , then the same people clai

(click to read full comment or to comment on this comment)
Killer B
09-12 15:00
 
 
 
Re: SEC stops Menzgold from gold investment tradin The sword is destroying its house, but goes around telling people its destroying the sheath. LMAO.... We are all watching as citizens become poorer and poorer while the corrupt political class store millions of dollars in se

(click to read full comment or to comment on this comment)
Risk
09-12 15:06
 
 
 
Re: SEC stops Menzgold from gold investment tradin Gold is real money rather than paper money that bank of Ghana is dealing with. Why fighting a company dealing in gold. Just licence it so we shift attention to gold money,which is far better than paper fraudulent monetary sy

(click to read full comment or to comment on this comment)
Mohammed
09-12 15:08
 
 
 
Menzgold But can't u people see menzgold is bringing local banks down with their huge interest. Hmmm

(click to comment on this comment)
Jake
09-12 15:09
 
 
 
MENZGOLD. We cannot continue to be a lawless country. No more DKM,PIRAM,etc.Such events make Ghana a laughing stock when eventually our citizens get hit.My advise is that let MENZGOLD get the right licences for its operations.l was al

(click to read full comment or to comment on this comment)
Kwaku Ofori
09-12 15:28
 
 
 
MENZGOLD. We cannot continue to be a lawless country. No more DKM,PIRAM,etc.Such events make Ghana a laughing stock when eventually our citizens get hit.My advise is that let MENZGOLD get the right licences for its operations.l was al

(click to read full comment or to comment on this comment)
Kwaku Ofori
09-12 15:28
 
 
 
SEC stops Menzgold For crying out loud sake, what does the SEC stands to gain if Menzgold went down, ( May the good Lord Forbid ). The Government of Nana Addo is scouring the globe for investors to come and invest in our economy, now we have

(click to read full comment or to comment on this comment)
Nana Boateng
09-12 16:09
 
 
 
Re: SEC stops Menzgold from gold investment tradin There are several financial institutions under SEC who cant pay their customers but they still are operating. Example Liberty Capital I nvestments. Leave mnzgold alone. Its smelling personal now.

(click to comment on this comment)
Yaw
09-12 16:23
 
 
 
STOP MENZGOLD 4 WHAT? TRULY AM WEEPING WITHIN,THE GHANAIAN HOSPITALITY IS ONLY GEARED TOWARDS FOREIGNERS. WE HATE OURSELVES 360dgs. WE FRONT 4 THEM TO DEPLETED OUR WATER BODIES,SET SHOPS,MINE etc BUT THE GHANAMAN CAN'T STAND AND CHEER HIS F

(click to read full comment or to comment on this comment)
RWANDa
09-12 16:38
 
 
 
Hmm Dis government is bad

(click to comment on this comment)
Koby
09-12 17:03
 
 
 
Re: SEC stops Menzgold from gold investment tradin Hmmmm,policy and politics on the edge to destroying another Ghanaian business. Hmmmmm

(click to comment on this comment)
Osman
09-12 17:14
 
 
 
Re: SEC stops Menzgold from gold investment tradin I thought I sae menzgoldvmensah throwing 50ghc from his car to hungry Ghanaians in Accra . Is that men’s gold man the same I saw playing the fool . When he had people’s cash in his custody

(click to comment on this comment)
Shithole people
09-12 17:35
 
 
 
SEC STOP MENZGOLD So We Are Deliberately Triggering Fear And Panic Among Investors That Their Investment With MENZGOLD Is Not Safe And Then They Rush To Withdraw Their Portfolios And Then What? MENZGOLD Collapses, Thousands Losses Their Jobs A

(click to read full comment or to comment on this comment)
MAKAVELI
09-12 18:02
GhanaWeb
Self Adverts