- The MP for Effutu believes that the Bank of Ghana has left the SEC in charge of managing the affair with Mezgold
- Afenyo-Markin stopped short of describing the business of Menzgold as illegal
Member of Parliament (MP) for Effutu Constituency in the Central Region, Alexander Afenyo-Markin, has expressed that the Bank of Ghana (BoG) is washing its hands from the saga involving Menzgold.
According to the MP, the Securities and Exchange Commission (SEC) and the BoG seem as if they are not coordinating on the matter. For him, this was why the Central Bank is leaving the issue solely to the SEC.
Mynewsgh.com reports that on Joy Fm's Newsfile programme, Afenyo-Markin hesitated to condemn or describe Menzgold's gold investments as illegal business.
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The MP is quoted as saying: “In all sincerity, I have listened to Menzgold, I have heard from Bank of Ghana. I have also listened attentively to SEC, I have read their law.
It appears to me that both of them are on different paths.
It appears for now Bank of Ghana has washed off its hands from the issue to the extent that it is now SEC clearly tells you that BOG is saying it is no longer our matter but SEC”.
In his view, the SEC must advance its argument properly to determine if Menzgold falls under its purview of supervision..
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Menzgold which belongs to young mogul, Nana Appiah Mensah, has been dogged with a cease-and-desist order from the SEC which views its business as illegal.
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