- Sarkodie has calmed Ghanaians with regard to the Menzgold saga
- According to him, the owner of the firm is a 'clean' businessman
Ghanaian rapper Michael Owusu Addo known in showbiz as Sakodie has opened up on the ongoing saga surrounding gold trading company, Menzgold.
The BET award-winner in a tweet sighted by YEN.com.gh said that, the Chief Executive Officer of Menzgold, Nana Appiah Mensah, has the country at heart and would not dubiously deceive the populace.
The Tema-based rapper admitted that he might not know the actual operations of the firm but he is optimistic that Nana Appiah Mensah is a clean businessman.
“One man doing the most for our beloved country knowing him personally he genuinely cares about the country’s progress … might not know the ins and outs but one thing is for sure – the Nam1 mission is for a better Ghana Bless @mn_appiah.”
YEN.com.gh earlier reported that the Securities and Exchange Commission (SEC) in a letter, directed Menzgold to halt trading in the gold collectibles.
Th letter dated September 7, SEC said it has thoroughly investigated the activities of Menzgold and has found that, the company does not have the license to trade in gold collectibles from the public.
The statement explained that interactions with representatives of Menzgold confirmed to SEC that the aspect of Menzgold’s business which involves purchase and deposit of gold collectibles and guaranteed returns is a capital market activity under Act 929 without a valid license issued by SEC which contravenes the law.
The statement added that subsequent requests have been made by SEC to Menzgold’s lawyers to furnish SEC with specific detailed information on the operations of the firm.
This directive caused fear and panic in the country especially to customers of the company who had their gold with the company.
However, following the SEC order, many Ghanaians including top stars have spoken in favour of the Nana Appiah Mensah-owned firm, asking leaders of the country to save the company from being closed down.
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