Menzgold boss eats humble pie; apologies to BoG

Menzgold boss eats humble pie; apologies to BoG

- CEO of Menzgold Company Limited has rendered an unqualified apology to the Bank of Ghana for his Twitter comments

- Mr Appiah Mensah tweeted describing the central bank as a “joke”

- The BoG on Tuesday, 7 August 2018, issued its fourth public notice that it is in discussions with relevant regulatory authorities to sanction Menzgold Company Limited for engaging in an 'illegality'

The Chief Executive of gold dealing firm, Menzgold has admitted he erred in his reaction to the Bank of Ghana release over the 'illegal' business his company is involved in.

“Owing to the fallible nature of man, I sincerely apologise for my initial reaction to the Bank of Ghana press release,” Nana Appiah Mensah posted on his Twitter account Tuesday.

According to him, his company is now in full cooperation with the BoG to find solution to the Menzgold regulations issues.

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We've engaged & are cooperating with the BoG and other state agencies, to cordially resolve in the interest of our beloved Republic of Ghana. #GhanaShallProsper,” he added.

The BoG on Tuesday, August 7, 2018 cautioned the general public that anyone who transacts any form of deposits with ''Menzgold Ghana Company Limited does so at his or her own risk”.

The BoG also opined that will not be liable in the event of loss of investments of deposits.

The Bank of Ghana had earlier in 2017 issued a public notice cautioning individuals not to deal with Menzgold because the company was flouting some laws.

The latest warning by the BoG saw Menzgold CEO responding that the central bank was a "joke" and only diverting attention from happenings in the banking space.

Menzgold boss eats humble pie; apologies to BoG

Menzgold boss eats humble pie; apologies to BoG. Source: Twitter

YEN earlier reported that Menzgold CEO, Nana Appiah Mensah, has finally revealed the "cult" that he belongs to. His revelation follows claims that he is a member of Illuminati. Nana Appiah opened up on the claims in a Twitter post on Sunday.

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Source: Yen.com.gh

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