YEN.com.gh earlier reported the story of Zylofon Boss, Nana Appiah Mensah, calling off the bluff of BoG. Nana Appiah had termed a move by the BoG to close down one of his companies, Menzgold, a joke.
This follows the Bank of Ghana’s declaration that it would soon go after Menzgold soon.
According to reports, the gold trading company is being faulted by the BoG for engaging in banking activities which include deposit-taking activity.
This was contained in a notice issued and signed by the secretary of the Central bank Mrs Caroline Otoo.
“Despite the several cautions to Menzgold Ghana “to desist from solicitation, receipt of money and the payment of dividends to its clients, the company persists in its deposit-taking activity,” the notice read.
But the Zylofon Boss has gone wild over the notice and issued a warning to the Bank of Ghana.
According to him, his company does not operate under the BoG’s law and it is also not regulated by it. This has generated a heated debate among some Ghanaians on social media, and Tracy Sarkcess, Sarkodie’s wife has not been left out.
In a post sighted on Instagram by YEN.com.gh, Tracy is asking the Bank of Ghana to leave Menzgold alone and rather focus on the banks.
She went further to explain that the BoG should know the difference between those squandering money and those helping others to make money.
Tracy Sarkcess said that the Bank of Ghana should rather focus on the banks squandering people’s money and leave Menzgold alone.
She defended Menzgold by writing: tracysarkcess: “Menzgold doesn’t take deposit. They buy gold with the money you give them and work with that gold to give you a return on your investment. Which the last time i checked was around 10%. BOG should rather concentrate on the banks that are misappropriating people’s money rather than the ones actually making money for its people. .”
Tracy later issued a disclaimer saying she is not an ambassador of Menzgold. tracysarkcess: “@naaobieley.ruby exactly! Menzgold doesn’t even touch the money you bring in. It’s only the gold you bring in.
The misconception comes from the fact that the offer is just too good to be true which automatically breeds suspicion. Anyway...disclaimer: please I’m not a Menzgold ambassador.”
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