Nothing prevents Menzgold from paying customers – Deputy Minister of Finance

General News of Friday, 2 November 2018

Source: Myjoyonline.com

2018-11-02

Deputy Minister of Finance, Charles Adu Boahen

Deputy Minister of Finance, Charles Adu Boahen has said that Gold dealership and trading firm, Menzgold has no business in keeping the returns and profits of customers.

According to him, the licenses of the firm which has been withdrawn does not affect the deposit of customers.

Mr. Adu Boahen was responding to a question from a participant at the JoyBusiness Financial Services Forum.

The Forum was under the theme: the changing tide of Ghana’s Financial services sector, the cause, the cost, the clean-up.

Deputy Minister of Finance, Charles Adu Boahen has said that Gold dealership and trading firm, Menzgold has no business in keeping the returns and profits of customers.

According to him, the licenses of the firm which has been withdrawn does not affect the deposit of customers.

Mr. Adu Boahen was responding to a question from a participant at the JoyBusiness Financial Services Forum.

The Forum was under the theme: the changing tide of Ghana’s Financial services sector, the cause, the cost, the clean-up.

“So as far as I’m concerned from what I understand from the SEC they are not allowed or they do not have the license to trade and therefore…however, nothing prevents them from paying depositors back.”

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