I employ citizens, pay taxes and you call me rogue? – Menzgold boss asks the government

General News on Thursday, November 29, 2018

Source: asempafmonline.com

2018-11-29

Nana Appiah Mensah, CEO of the Menzgold Gold Distribution Company, asked why the government was arousing public opinion against him and was damaging his image while he was there. only contributed to the country's economy.

Blowing his anger in a post on his Instagram page on Thursday morning, he questioned,

"Somewhere in Africa: a purported fraudulent company has paid taxes on income and corporations for the government, wages and SNNIT for staff, royalties of 5% and now 3% on bullion exports. More than $ 100 million for the Minerals Commission, contractual obligations fully paid to thousands of customers and successfully badumed various corporate responsibilities within the company for 5 years without any objection. # SeektheFacts. "

The business mogul who seemed betrayed by the turn of events said that he was even more shocked because he had been forced to fight the "monstrous" battle with the Securities and Exchanges Commission (SEC) and the Bank. of Ghana (BoG) needed his "friends and badociates" the most.

"In the end, I would live with the shock caused by the silence of my friends and badociates and not by the temporary death of my enemies. # ValuesAdded #LifeLessons, "reads in his message.

Context

On September 12, 2018, SEC asked Menzgold to suspend its gold trading operations with the public.

According to the SEC, Menzgold deals with the purchase and deposit of gold collectibles from the public and the contracting of guaranteed returns with customers, without a valid license from the Commission.

The SEC stated that this contravened "Article 109 of Law No. 929 having consequences under Section 2016 (I) of the same law".