Section of Ghanaians stand with Menzgold in beef with SEC

Section of Ghanaians stand with Menzgold in beef with SEC

A section of Ghanaians, including dancehall artiste Stoonebwoy, have backed Menzgold Ghana following the company’s standoff with the Securities and Exchange Commission (SEC).

Menzgold has been in the news in recent weeks following disagreements with the Bank of Ghana (BoG) regarding its operations.

But the issue took another twist on Wednesday following a directive from SEC to have the company shut down its gold trading activities.

READ ALSO: Menzgold workers manhandle journalists

The embattled company has, however, received full backing from a section of Ghanaians during these troubled times.

Led by Zylofon Media signee Stonebwoy, many took to social media to send words of encouragement to Menzgold and pledge to stand by the gold dealership firm.

Stonebwoy took to Twitter to outline that Ghanaian companies must be supported, adding that he “stands by Menzgold.”

“I stand by Menzgold. Ghana must prosper. Menzgold Ghana is for Ghana, by a Ghanaian and benefits Ghanaians,” the “Top Skanka” hitmaker wrote.

Artiste manager at Zylofon Media, one of the brainchilds of wealthy businessman, Nana Appiah Mensah, Bulldog, has said the NPP is being destructive.

In a live feed posted on his Facebook wall, Bulldog used the the Zylofon CEO means well.

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Meanwhile, the management of Menzgold Ghana are reluctant to shut down their trading activities despite the directive from the Securities and Exchange Commission (SEC).

The company, through its lawyers, says the directive to shut down or suspend its operations is untenable and therefore makes the company unable to comply with the terms of SEC.

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Source: Yen.com.gh

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