{"id":410573,"date":"2017-08-09T00:53:30","date_gmt":"2017-08-09T00:53:30","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/08\/09\/we-dont-take-deposits-menzgold-replies-bog\/"},"modified":"2017-08-09T00:53:30","modified_gmt":"2017-08-09T00:53:30","slug":"we-dont-take-deposits-menzgold-replies-bog","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/08\/09\/we-dont-take-deposits-menzgold-replies-bog\/","title":{"rendered":"We don\u2019t take deposits &#8211; Menzgold replies BoG"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Menzgold Company Limited, an investment company has denied the company takes deposits from its customers.<\/p>\n<p>The Corporate Manager of the company Nana Yaw Offei explained that the company does not take deposits from customers because it is not a financial institution.<\/p>\n<p>His comment comes on the heels of a caution by\u00a0 Bank of Ghana (BoG) to the general public not to deposit any money with the company because it has not been licensed to do so.<\/p>\n<p><!-- \/1002554\/Myjoyonline.com_InArticle_300x250 --><\/p>\n<p>A Deputy Governor of the Bank Dr Johnson Asiamah appearing before the Public Accounts Committee (PAC) of Parliament on Tuesday, August 8, 2017 noted that Ghanaians who defy this caution do so at their own risk.<\/p>\n<p>Dr Asiamah told the committee: \u201cOnly last week we caused a publication in the newspapers about Menzgold to the effect that we have not licensed them to accept deposits, because, to accept deposits, you will need a license from the Bank of Ghana. We have not licensed them and hence if you go ahead to do any business with them, it is at your own risk.\u201d<\/p>\n<p>He added that: \u201cSo we took the first step by notifying the public. If they ask you to give them deposit don\u2019t do it.\u201d<\/p>\n<p>But reacting to the BoG claims in an interview with Joy News, Mr Offei said: \u201cMenzgold Ghana Limited is a gold dealing firm, we buy gold and sell gold. All our operations or whatever we do in our outlet is directly linked to the sale and purchase of gold.<\/p>\n<p>\u201cFor that reason, we have acquired the license that gives us the chance to buy gold and sell gold that is by the Minerals Commission of the Republic of Ghana. We are not a micro finance, neither are we a financial institution and so we do not take deposits in anyway.\u201d<\/p>\n<p>He added: \u201cWe have referred the matter to our legal team headed by Kwame Akufo to look at the issue, we are a law abiding firm and so we are asking them to assist us to bring the issue to a close.\u201d<\/p>\n<\/div>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a style=\"display:none\" rel=\"follow\" href=\"http:\/\/megatheme.ir\/\" title=\"\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633\">\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Menzgold Company Limited, an investment company has denied the company takes deposits from its customers. The Corporate Manager of the company Nana Yaw Offei explained that the company does not take deposits from customers because it is not a financial institution. His comment comes on the heels of a caution by\u00a0 Bank of Ghana (BoG) [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":410574,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-410573","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>We don\u2019t take deposits - Menzgold replies BoG - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2017\/08\/09\/we-dont-take-deposits-menzgold-replies-bog\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"We don\u2019t take deposits - Menzgold replies BoG - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Menzgold Company Limited, an investment company has denied the company takes deposits from its customers. The Corporate Manager of the company Nana Yaw Offei explained that the company does not take deposits from customers because it is not a financial institution. His comment comes on the heels of a caution by\u00a0 Bank of Ghana (BoG) [&hellip;]\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/09\\\/we-dont-take-deposits-menzgold-replies-bog\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/09\\\/we-dont-take-deposits-menzgold-replies-bog\\\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"We don\u2019t take deposits &#8211; Menzgold replies BoG\",\"datePublished\":\"2017-08-09T00:53:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/09\\\/we-dont-take-deposits-menzgold-replies-bog\\\/\"},\"wordCount\":352,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/09\\\/we-dont-take-deposits-menzgold-replies-bog\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/09\\\/we-dont-take-deposits-menzgold-replies-bog\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/09\\\/we-dont-take-deposits-menzgold-replies-bog\\\/\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/09\\\/we-dont-take-deposits-menzgold-replies-bog\\\/\",\"name\":\"We don\u2019t take deposits - Menzgold replies BoG - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/09\\\/we-dont-take-deposits-menzgold-replies-bog\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/09\\\/we-dont-take-deposits-menzgold-replies-bog\\\/#primaryimage\"},\"thumbnailUrl\":\"\",\"datePublished\":\"2017-08-09T00:53:30+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/09\\\/we-dont-take-deposits-menzgold-replies-bog\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/08\\\/09\\\/we-dont-take-deposits-menzgold-replies-bog\\\/#primaryimage\",\"url\":\"\",\"contentUrl\":\"\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/#website\",\"url\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.ghanamma.com\\\/2017\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"We don\u2019t take deposits - Menzgold replies BoG - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2017\/08\/09\/we-dont-take-deposits-menzgold-replies-bog\/","twitter_card":"summary_large_image","twitter_title":"We don\u2019t take deposits - Menzgold replies BoG - Ghanamma.com","twitter_description":"Menzgold Company Limited, an investment company has denied the company takes deposits from its customers. 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