Okay, Kuulpeeps, Menzgold Company Limited CEO Nana Appiah Mensah is not playing with his business and he wants the Bank of Ghana to pick a cue or two.
A couple of months ago, the Bank of Ghana warned Ghanaians against transacting business with Menzgold Company Limited because the company has not been licensed to accept deposits.
Just this week, the Bank of Ghana (BoG) reiterated its caution to the general public not to deposit any money with Menzgold Company Limited, an investment company.
In the latest statement, the BOG said “in spite of the caution to Menzgold Ghana Company Limited to desist from solicitation, receipt of money and payment of dividends to its clients, the company is still engaged in these activities contrary to section 6(1) of the Banks and Specialized Deposit-Taking Institutions Act, 2016 (Act 930).
“The general public is hereby informed that Menzgold Company Limited is not licensed by the Bank of Ghana and has no authority to engage in the solicitation, receipt of money and payment of dividends to its client.
“Accordingly, the general public is cautioned that anyone who transacts any of the above-mentioned business with Menzgold Ghana Company Limited, does so at his/her own risk and Bank of Ghana will not be liable to such clients and depositors in the event of a loss.”
But Nana Appiah Mensah is not taking this blatant attack on his business by the BoG lightly.
In a tweet, he said the “Bank of Ghana is very dishonest, irresponsible and very reckless. It’s acting with the highest form of impudence with impunity.”
He said “the BOG is well informed that Menzgold is operating within the legal framework as it is now. Where is Ghana’s commodities trading Act? Stop this hypocrisy!”
Bank of Ghana is very dishonest, irresponsible and very reckless. It's acting with the highest form of impudence with impunity. BOG is well informed that, Menzgold is operating within the legal framework as it is now. Where is Ghana's commodities trading Act? Stop this hypocrisy! pic.twitter.com/rg7Yakj7bD
— Nana Appiah Mensah (@nana_appiah_m) December 8, 2017
As if that wasn’t enough, your man took to Instagram to send more choice words to the BoG.
“If you care, sponsor a commodities trading bill to parliament to be made law and we would gladly conform. Until then, stop committing ultra vires as you lack jurisdiction in this matter,” he said on Instagram.
He urged the BoG to go to court if they sincerely believed they were in breach of the country’s laws.
“This time, we would expose you to the world,” he said.
Before signing off his post on Instagram with nationalistic hashtags, #WeAreAllInvolved #GhanaYouthAriseForChange #Speakup, he borrowed the line “God bless our motherland Ghana,” from the national anthem.
We are just here waiting for the BOG vs Menzgold showdown in court if it gets to that.