{"id":444514,"date":"2017-12-07T03:30:35","date_gmt":"2017-12-07T03:30:35","guid":{"rendered":"https:\/\/ghana-mma.com\/2017\/12\/07\/menzgold-cant-take-deposits-bog-warns-again\/"},"modified":"2017-12-07T03:30:35","modified_gmt":"2017-12-07T03:30:35","slug":"menzgold-cant-take-deposits-bog-warns-again","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2017\/12\/07\/menzgold-cant-take-deposits-bog-warns-again\/","title":{"rendered":"Menzgold can&#8217;t take deposits &#8211; BoG warns again"},"content":{"rendered":"<p><\/p>\n<div id=\"medsection1\">\n<!-- End of html generated by this->header() --><\/p>\n<p class=\"floatLeft\">Business News of Wednesday,  6 December 2017<\/p>\n<p class=\"floatRight\"><strong>Source: <\/strong>classfmonline.com<\/p>\n<p>2017-12-06<\/p>\n<div class=\"article-left\">\n<p class=\"article-image\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/12\/22488490.295.jpg\" alt=\"Menzgold Dealership\" title=\"Menzgold Dealership\" width=\"295\" height=\"184\" \/><span class=\"image_caption\"><span>The central bank earlier in the year warned the public not to deposit money with the company<\/span><\/span><\/p>\n<div class=\"noPrint\">\n<div id=\"537626303\" style=\"width:300;height:250;margin:0;padding:0\">\n<p>\t\t  <noscript><iframe loading=\"lazy\" id=\"b2ad7fa7fd\" name=\"b2ad7fa7fd\" src=\"http:\/\/ghanaweb-d.openx.net\/w\/1.0\/afr?auid=537626303&amp;cb=151125813973067\" frameborder=\"0\" scrolling=\"no\" width=\"300\" height=\"250\"><a href=\"\/\/ghanaweb-d.openx.net\/w\/1.0\/rc?cs=b2ad7fa7fd&amp;cb=151125813973067\"><\/p>\n<p>\t\t  <img decoding=\"async\" src=\"https:\/\/ghanamma.com\/wp-content\/uploads\/2017\/12\/1512617435_587_ai\" border=\"0\" alt=\"\" \/><\/a><\/iframe><\/noscript><\/p><\/div>\n<\/p><\/div>\n<\/div>\n<p style=\"clear:right\">The Bank of Ghana (BoG) has reiterated its caution to the general public not to deposit any money with Menzgold Company Limited, an investment company, because it has not been licensed to do so.<\/p>\n<p>The central bank earlier in the year warned the public not to deposit money with the company and further cautioned the company to desist from taking deposits and stop the payments of dividends but the BoG says Menzgold is still engaged in these activities.<\/p>\n<p>The bank in a statement said it wishes \u201cto notify the general public that in spite of the caution to Menzgold Ghana Company Limited to desist from solicitation, receipt of money and payment of dividends to its clients, the company is still engaged in these activities contrary to section 6(1) of the Banks and Specialised Deposit-Taking Institutions Act, 2016 (Act 930).<\/p>\n<p>\u201cThe general public is hereby informed that Menzgold Company Limited is not licensed by the Bank of Ghana and has no authority to engage in the solicitation, receipt of money and payment of dividends to its client.<\/p>\n<p>\u201cAccordingly, the general public is cautioned that anyone who transacts any of the above mentioned business with Menzgold Ghana Company Limited, does so at his\/her own risk and Bank of Ghana will not be liable to such clients and depositors in the event of loss.\u201d<\/p>\n<p><!-- uploaded by: 66 updated by: -1 --><\/p>\n<p><!-- Start of html generated by this->footer() -->\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>Business News of Wednesday, 6 December 2017 Source: classfmonline.com 2017-12-06 The central bank earlier in the year warned the public not to deposit money with the company The Bank of Ghana (BoG) has reiterated its caution to the general public not to deposit any money with Menzgold Company Limited, an investment company, because it has [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":444515,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-444514","post","type-post","status-publish","format-standard","has-post-thumbnail","category-local-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - 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