We are young, correct us when we go wrong – NAM1 begs SEC, BoG

We are young, correct us when we go wrong – NAM1 begs SEC, BoG

- The Zylofon Boss, Nana Appiah Mensah, has pleaded with the BoG and SEC to correct the company when it goes wrong

- He said the company is ‘young’ and needs such checks

- Nana Appiah Mensah urged Menzgold customers to exercise patience with the company as it prepares to bounce back

The chief executive officer of Menzgold Company Limited, Nana Appiah Mensah, has appealed to the Bank of Ghana (BoG) and the Securities and Exchange Commission (SEC), to gently correct the company when they go wrong.

According to Nana Appiah, the company is a ‘young’ one, and needs the BoG and SEC to constantly keep it in checks.

He added that such treatment will only help the company become stronger and more competitive on the international market.

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This is contained in a report sighted by YEN.com.gh on Citinewsroom.com.

The Zylofon boss who was speaking in an interview on Zylofon FM on Monday, disclosed that given its current struggling state, Menzgold was ready to fully adhere to directives from the BoG and SEC.

“I can’t say Bank of Ghana or the Securities and Exchange Commission has done us evil. We are a young company, we expect them to correct us when we go wrong so that we can be strong and do better at the international stage. All hope is not lost. We will continue to solve the problem. We will not do what they ask us not to do. We will ensure we comply with everything they ask us to do,” Nana Appiah reportedly said.

We keep pleading with authorities. I won’t say we are perfect, but if we have made any mistake, I believe some punitive measures will be in order. We are ready to take corrections and resolve this issue,” he added.

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While admitting the challenges the company is currently facing after SEC intervened to stop what it described as illegal operations, Nana Appiah Mensah said he was optimistic that the company will bounce back and perform better than it did in the last five years of its operations.

I believe that with every issue, dialogue can resolve it. We are all Ghanaians, and we are working for Ghanaians in good faith. We have hopes that this issue will end peacefully and all stakeholders will help us… I believe the authorities are listening, they are for Ghanaians. It may be long, but I believe all these will be resolved soon. We’ll follow the due processes… Menzgold will have a great rebound and will be more exciting than the previous 5 years,” NAM 1 noted.

The CEO further urged customers of Menzgold to exercise patience as it continues processes to ensure that the company’s business operation returns to normalcy.

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He asked the company’s clients to take up an offer to migrate their operations via its new online platform to enable them promptly receive their due.

We urge customers to be patient, it may be hard but I urge all customers to be patient as we work tirelessly to resolve this… We are speaking to authorities and stakeholders to resolve all the issues.”

Give us the last opportunity for the online migration to help us bounce back… We’ve really done our best but let’s not abandon Menzgold at this time,” he pleaded.

Some of the customers have already threatened a demonstration to demand their invested monies.

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Source: Yen.com.gh

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