A statement from MenzGold following it’s shutdown By government officials reads; “The Management of Menzgold Ghana finds it very unfortunate that a letter relating to business discussions between the organization and the Securities and Exchange Commission has found its way to the public.
Menzgold in the wake of the Bank of Ghana warning to the public to desist from doing business with the organization availed itself to all relevant State Institutions for various consultations and dialogues designed to arrive at a productive and sustainable resolution.
One of such organizations is the Securities and Exchange Commission with whom we have been hopeful of arriving at a cordial resolution to all matters if any, then we submit to its standards if we must.
This needless leak believed to be coming from the Securities and Exchange Commission is, to say the least, in very bad faith and distasteful; as it defeats our confidence in the body and an affront to cooperation. We totally condemn it!
As a law abiding organization, we have referred the matter to our lawyers and rest assured, the right action shall be taken.
We hereby assure all our cherished customers that neither Menzgold as a business entity nor any of its products has been shut down.
We urge for calm as we deal with this matter to its logical conclusion. Your gold trades are very safe and business is proceeding as usual.
Signed Management MENZGOLD GHANA.”
The boss of MenzGold and Zylofon Media took to his Twitter page to react to the incident and wrote;
“Grandpa of blessed memory Samuel Brew, fought in the 2nd World War and in the build up to Ghana’s Independence, Uncle Ernest Wood served as the Colonial Secretary to transition from Gold Coast to Ghana. I am not less of a Ghanaian. Freedom is expensive. I AM DETERMINED TO PAY.”