SECURITIES AND EXCHANGE COMMISSION SUSPENDS OPERATION OF MENZGOLD

The Securities and Exchanges Commission has closed down the operations of  Menzgold  Ghana limited according to a letter signed by Paul Ababio Deputy Director General.

The decision according to SEC is in violation of operating permits adding “Accordingly, the 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 the SEC. No new contracts should be created and all advertising of the investment business
halted with immediate effect.

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