Menzgold will not fail Ghana but is committed to its customers and will deliver on its mandate to trade in gold collectibles, Chairman of the company Fred Ohene Frimpong has assured all Ghanaians.
Fred Ohene Frimpong, in an interview with host Kwami Sefa Kayi on Peace FM's 'Kokrokoo', allayed the fears of its customers and the general public about the recent happenings in the financial sector involving Menzgold.
The Securities and Exchange Commission (SEC) wrote to Menzgold Ghana Company, demanding that all trading in gold without licence be ceased.
It also asked the company which has been on the warpath with the Bank of Ghana, not to take new contracts (investments) and also halt the broadcast and publishing of all its adverts forthwith.
To the company's Chairman, they are not aware of contravening any laws regarding their operations and so, asked why the SEC would come after them, asking them to shut down.
He narrated that Menzgold are currently in talks with Economic and Organized Crime Office (EOCO) to find lasting solution to the issue and so wondered why the SEC would go behind EOCO to issue such directive to them.
This notwithstanding, Mr. Ohene Frimpong assured the public of their commitment to its customers stating emphatically that "we're prepared to deliver and then we’re going to deliver…Whatever it is we’ll find a way to negotiate with them, sit down with them and find a permanent solution to this problem because we’ll not fail. And we’ll not fail Ghana".
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