Chief Executive Officer (CEO) of Menzgold Ghana Company Limited, Nana Appiah Mensah, also known as NAM1, has described as the “joke of the day”, the central bank’s latest public warning to his company to stop taking deposits or face sanctions.
The Bank of Ghana on Tuesday reiterated its position on the business operations of Menzgold, cautioning the general public that the company is not licensed to take deposits and or issue dividends.
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But in a swift rebuttal to the warning on video sharing platform Instagram, Mensah called the caution a joke, suggesting the BoG is attempting to use the directive as a cover-up of the issues surrounding the failure of some five banks recently.
This is not the first time the Bank of Ghana is raising a red flag over the operations of the company.
Menzgold, on the other hand, say they operate legally.
The Menzgold gold trading platform offers ten percent (10%) monthly return on investment (ROI).
The company says it has produced an unblemished 100% record since its inception, offering individuals an alternative source of income.
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Below is the twitter post
TODAY’S JOKE: Bank of Ghana, so now you dey do propaganda?😀😀😀 I beg paa “Tell Ghanaians exactly what happened with the 5 or so collapsed banks you duly LICENSED & SUPERVISED for years. Please don’t attempt to use our dear Menzgold to cover up😎. I beg make we think! pic.twitter.com/o4zADtIsP9
— Nana Appiah Mensah (@mn_appiah) August 7, 2018
