Joy Business understands that he tendered in his resignation on Thursday, October 4, 2018.

Possible reasons

It is not yet clear what might have influenced Mr Quaye’s decision to part ways with the embattled gold dealership.

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The sources also cite a hushed internal strife between Mr Quaye and the management of Menzgold as a possible reason for resignation.

MenzGold

 George Quaye and Menzgold

His appointment came as a shock to some in the communications industry because of his background as an entertainment pundit and TV production heavyweight.

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He has worked at production and event company, Charter House, for almost 12 years where he also served as Head of Communications before he moved to Menzgold.

Mr. Quaye joined Menzgold at a time when the firm was facing troubles with state regulators about the firm’s operations.