Social media user blows alarm over alleged fake gold investment company

Social media user blows alarm over alleged fake gold investment company

A Ghanaian journalist has called on the Securities and Exchange Commission (SEC) to investigate the dealings of a gold dealership firm, EL Gold Limited, located in Accra.

According to Kwame Gyan, the gold company must be checked immediately before the situation results in a similar way as that of the embattled Menzgold.

The gold dealership sector has been in the news in recent months following disagreements with the Bank of Ghana (BoG) and Menzgol regarding its operations.

The latest development is the order from the SEC to have the company [Menzgold] shut down its gold trading activities.

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Mr. Gyan posted a photo of another gold vault company suspected to be operating in the same module as Menzgold.

A card of EL Gold Limited he shared on Facebook suggested the company deals in gold brokerage, gold exports, gold smelting and gold assaying.

Mr. Gyan called on SEC to act fast in order to prevent innocent members of the public from having their monies locked up.

The blogger and communication expert accompanied the said photo with the comment: “Security and Exchanges Commission I beg you see this? Or you dey wait create NAM2?

“PS: Tesano Police Station please they are right opposite your counter back ooo!”

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Source: Yen

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