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Menzgold sets the records straight after Bank of Ghana's caution on deposits

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7 years ago

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Menzgold Company Limited, has denied that the company takes deposits from its customers, as recently stated by the Bank of Ghana. The Corporate Manager of the company, Nana Yaw Offei has explained that the company does not take deposits from customers because it is not a financial institution. The Bank of Ghana (BoG) recently cautioned the general public not to deposit any money with the company because it has not been licensed to do so. A Deputy Governor of the Bank, Dr Johnson Asiamah appearing before the Public Accounts Committee (PAC) of Parliament on Tuesday noted that Ghanaians who defy this caution do that at their own risk. https://ameyawdebrah.com/becca-signs-zylofon-music-releases-new-single/ Dr Asiamah told the committee: “Only 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.” He added that: “So we took the first step by notifying the public. If they ask you to give them deposit don’t do it.” But reacting to the BoG claims on Class 91.3FM, Mr Offei said: “Menzgold 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. “For 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 microfinance, neither are we a financial institution and so we do not take deposits in anyway.” He added: “We 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.” So what Is Menzbanc? Here is what the company advertises: “Menzgold Ghana Limited is a limited liability company duly registered and incorporated in Ghana by the company’s Act of 1963 (ACT 179). According to some reports it is an affiliate of Swiss Gold Global in Zurich, Switzerland and Ghana’s first Bullion Bank. The company undertakes dealership in Gold, Diamonds and other precious stones and metals. The organization operates a BULLION BANKING system as per the below outlined services and products lines; Gold bullion Investments The sale and purchase of precious stones and metals Smelting and Assaying Bullion depository vault services Jewellery sales Mining Prefinancing https://ameyawdebrah.com/silicon-valley-techpreneur-moves-ghana-raises-4-8-million-start/ The bank prides itself as having the best state of the art and a very secured bullion vault, having banked close to five (5) tones of gold and silver bullion as well as other precious stones like diamonds and so on. The continues thumbs up by a number of corporate groups distinguishing and establishing Menzbanc as the biggest, most reliable and distinguished indigenous Gold exporter with proven records and statistics, add another enviable coloured feather to our cap. Recognizing the need to improve to attain a height as the best in the world however, the bank has resolved to increase our export capacity and develop systems and structures to position Menzbanc as a world-class exporter of gold bullion and nuggets. Menzgold Ghana Limited bullion investment ( gold trading) platform that offers ten percent (10%) monthly return on investment (ROI) has produced good records since its inception; offering individuals a sure alternative source of income amidst this current global economic ills. Customers leave our premises always satisfied and very delighted with the excellent customer services offered and the ten percent (10%) dividend they receive. By our affiliation to Swiss Gold Global in Switzerland; sharing in the objective of turning the fortunes of groups and individual around, by ensuring Absolute Financial Freedom for people, has inspired and or driven us to attain the unprecedented height and records we’ve set in Africa. With a well dedicated Board of Directors, formulating strategies and policies for the smooth administration of the business by our very innovative and competent management team, menzbanc is standing very tall, giving other financial banks tough competition, forcing several to put the customers in the heart of their operations, offering them more value than the case was before. We are also very socially responsible, as we deem the company a mission haven been privileged by the opportunity presented to us by the populace to render them our products and services; we believe that privilege makes us a business. In this regard, we have successfully executed social interventions programs such as; Poverty alleviations funds as seed capital to number of customers, educational scholarships and so on as evident on our media page as we desire to do even more in the years ahead.” Compensation Plans: You have the option of choosing either the monthly or weekly gold purchase plan; which allows you to decide and make a personal commitment to set aside a fraction of your weekly or monthly income, purposely for the purchase of 5grams of gold or more, to be securely stored in a vault. If the process is continued uninterrupted for a year or more, one is sure to have huge quantity of gold accumulated over the period and a much stronger purchasing ability, with respect to gold price appreciations and the value not affected by depreciation as it is with paper money. Singles purchase – You can also decide to make single purchase as and when you have the means, to add to your store of gold grams, kilograms or ounces at any time, in addiction to your store of gold in vault. Sell whenever you like- You can chose to re-sell all or some of your gold with a simple note authorizing us to act in that regard. Our system will process your sell request based on the next London Gold Fixing. Interestingly, you are not charged ANY additional margin or fess when you sell. You get INSTANT cash to meet any pressing economic need as there are unlimited number of gold buying prospects with a very high demand. Conversion of your gold to collectibles if you wish: At any time of your convenience, you can instruct us if you wish, to convert your raw/pure gold in vault to fine collectibles, such as; jewelries of all forms and shapes among other things at a fee. What’s even more exciting is that, we deliver these finished products to you regardless of your destination worldwide comparably at a very cheap fee. Cheque Book and Visa Debit Card. By virtue of our association with Ecobank, we provide you with a cheque book and a visa debit card acceptable in most visa ATMs in the world. This gives you access to cash anywhere in the world and at any time, when you opt for the extra value on your gold to be liquidated for cash, as we sell the proportion instructed and credit your ecobank account instantly. are entitled to the cheque and Visa Card when you subscribe to the Gold Vault Market program by consenting to its governing terms and conditions.” Gold Treasure Box: Each member shall subscribe once with a non-refundable amount of one thousand five hundred Ghana Cedis (GHS 1,500) only. An account do not at any point assume dormancy or expiration once a subscriber has successfully enrolled onto the program. A subscriber gets rewarded with 7.75 grams of 999.5 pure 24 carat gold within 24 hours, anytime he/she has successfully enrolled an individual. The company grants subscribers, an instant buy-back option after the acknowledgement of receipt of the gold reward. References: https://www.smartincomeoffice.com/menzbanc-gold-investments-review/ http://www.blakkpepper.com/2016/07/ghanas-gold-shame-menzbanc-ghana-limited-exposed/]]>

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Celebrating 25 Years: Otumfuo Osei Tutu II’s Reign

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6 hours ago

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April 26, 2024

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Celebrating 25 Years: Otumfuo Osei Tutu II's Reign

Today marks the 25th anniversary of Otumfuo Osei Tutu II’s reign as the Asantehene, the King of the Ashanti Kingdom.

The celebrations, which began with spectacular fireworks witnessed by Otumfuo himself, will culminate in the Silver Jubilee anniversary on Akwasidaekese on June 12 at Dwabrem, Manhyia Palace.

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This milestone is a testament to Otumfuo’s impactful leadership, dedication to the Asante people, and contributions to education and research as the Chancellor of KNUST.

The event is being celebrated across Ghana, with well-wishes and congratulations pouring in from various quarters, highlighting the significance of this occasion for Asanteman and Ghana as a whole.

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Mr. Beast in Ghana: Surprising Visit Sparks Excitement

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6 hours ago

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April 26, 2024

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Mr. Beast

World-renowned YouTuber Mr. Beast, known for his philanthropic acts, has been spotted in Ghana, specifically in Accra and Tema, sparking excitement among locals.

His visit has led to discussions about his choice of Ghana over other African countries, with some suggesting that the country’s popularity as a tourist destination played a role.

Mr. Beast’s presence in Ghana is part of his global outreach, as he recently gifted a Ghanaian $25,000 as part of his X (Twitter) giveaway.

Read Also: Producers of 'Beast of No Nation' return to filming in Ghana, causing upset in parliament

The YouTuber has been seen exploring the country and interacting with locals, with many expressing their desire to meet him and participate in his charitable endeavors.

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Stephen Appiah to contest John Dumelo and Lydia Alhassan in MP race for Ayawaso West Wuogon

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6 hours ago

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April 26, 2024

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Stephen Appiah to contest John Dumelo and Lydia Alhassan

Former Black Stars captain Stephen Appiah is set to enter the political fray by rubbing shoulders with notable personalities in the upcoming general elections.

The former Juventus midfielder is believed to be lacing his boots to face the likes of John Dumelo and the incumbent member of Parliament for the Ayawaso West Wuogon Constituency Lydia Alhassan.

While Dumelo and Alhassan represents the NDC and NPP respectively, Appiah is expected feature in the elections as an independent candidate.

This was revealed by the Spokesperson of the Ayew family Fiifi Tackie via X on Friday afternoon.

“Stephen Appiah to contest Ayawaso West Wuogon constituency as an independent Parliamentary candidate,” he wrote.

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If Stephen Appiah affirms the reported news, he will be following in the footsteps of other renowned figures in Ghana football who have indulged in politics recently.

Earlier this year, all-time top scorer of the Black Stars Asamoah Gyan was appointed as the sub-committee chair of Youth and Sports in the campaign committee of Dr Bawumia, the flagbearer of the ruling New Patriotic Party.

In acceptance of the appointment, Gyan emphasised the need to share hos ideas garnered through experience in the game.

Anas took $100,000 to stop documentary release – Kwesi Nyantakyi
‘I have enough experience to contribute to sports – Asamoah Gyan reacts to political appointment
“I always ask myself, how do we create change if we don’t want to change? How do we spectate without being on the bench, and how do we score without being on the field?… All I know and will ever know, all I love and will ever love is SPORTS.” he stated.

Another figure in Ghana football who recently announced his intention to engage in partisan politics is Kwesi Nyantakyi, former Ghana Football Association (GFA).

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The former football administrator showed up as one of the candidates to contest in the NPP primaries for the Ejisu constituency following the demise of incumbent John Kumah.

However, it didn’t pan out well for the former Wa All Stars owner as he lost disappointingly.

He garnered a paltry 35 votes after close to 1,081 delegates had cast their votes in the parliamentary primary of the New Patriotic Party (NPP) held in the Ejisu Constituency on April 13.

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Rebecca Osam: A Champion for Women’s Empowerment in Africa

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6 hours ago

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April 26, 2024

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In a heartfelt social media post, Rebecca Osam, Managing Director of Reflo Company Limited, Reflo’s TV, and Femme Fatale Productions Limited, has pledged her full commitment to empowering young women.

Rebecca expressed her desire to move beyond mere inspiration and instead build a deeper connection with young women, offering guidance and support to help them achieve their goals.

Her passion for women’s empowerment stems from her experiences growing up in Africa, where she witnessed firsthand the oppression and lack of opportunities faced by women. This drove her to co-found The Florence Mensah Foundation with her mother, aiming to empower African women and girls, and encourage them to recognise their worth, strength, and potential.

Through her foundation and personal endeavors, Rebecca seeks to provide a supportive platform for young women to thrive. She aims to be a relatable figure, offering mentorship and encouragement to help them overcome challenges and achieve success on their own terms.

Rebecca’s dedication to empowering young women proves her leadership and commitment to creating positive change in her community. Her efforts serve as an inspiration to others, highlighting the impact one person can have in driving gender equality and women’s empowerment.

As Rebecca continues her work, her message resonates with young women across Africa: “Anything is possible, and I am here to support and cheer you on every step of the way.”

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Caradise Ghana Car Rental Facilitates Transportation for Global Christian Forum held in Accra

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8 hours ago

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April 26, 2024

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Caradise Ghana Car Rental has once again successfully facilitated the transportation of over 240 participants from 60 countries across the globe for the recently ended Global Christian Forum in Accra, Ghana.

Numerous buses hauled the various participants from the Airport to their designated hotels from the 12th to 15th of April, 2024. Participants were then transported from their hotels to the conference grounds daily for the gathering of devoted Christians from the 16th to the 19th of April, 2024.

The forum began with a vibrant, joyful worship service held at Accra Ridge Church. The Rev. Dr. Casely Essamuah welcomed participants to Ghana and to the Fourth Global Gathering, and participants spent the day sharing their faith stories with one another across the litany of differences represented. 

The forum was climaxed with a dinner and 25th anniversary celebration at the Action Chapel Internation Church hosted by Archbishop Nicholas Duncan-Williams.

After the forum, the participants took the opportunity to visit the Kwame Nkrumah Memorial Park and Mausoleum where they learnt about the great Pan-Africanist, Osagyefo Dr. Kwame Nkrumah and Ghana’s journey to inpendence.

The participants also spent a day in Cape Coast where they learnt about the millions of enslaved, dehumanised African men, women, and children at the Cape Coast Castle. Witnessing first hand how Africans were forcibly taken captive to the Americas, Caribbean, and Europe as objects of lucrative trade.

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DJ Khaled Announces Second Annual We The Best Foundation Golf Classic On June 12 & 13 in Miami Beach !

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8 hours ago

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April 26, 2024

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GRAMMY® Award-winning, global megastar DJ Khaled proudly announces the return of his annual WE THE BEST FOUNDATION GOLF CLASSIC for the second year in a row.

For 2024, the mega-popular charity event expands to two days on Wednesday June 12 and Thursday June 13 in Miami, FL. Given the demand by countless superstar artists, A-list athletes, and entertainers to participate, he needed to stretch the proceedings over two days!

Once again, the event will be sponsored by Jordan Brand, and all proceeds support the We The Best Foundationand its numerous efforts to bolster education. Stay tuned for the multitude of exciting confirmed guests, and more.

Khaled created a cultural groundswell and personally appeared on ESPN’s SPORTSCENTER to break the news of the second installment of the WE THE BEST FOUNDATION GOLF CLASSIC today. Watch HERE.

Regarding the return of the WE THE BEST FOUNDATION GOLF CLASSIC, he commented, “Last year, the WE THE BEST FOUNDATION GOLF CLASSIC brought out so many friends and family to make a difference, play some great golf, and have an incredible day for a great cause. This year, we’re going even bigger, and we thank everyone for their continued support. TEE UP AND BLESS UP!”

Last year, the inaugural WE THE BEST FOUNDATION GOLF CLASSIC hosted Serena Williams, pro golfers Michael Block and Bubba Watson, Odell Beckham, JR., Shannon Sharpe, Victor Cruz, Jalen Rose, Terrell Owens, Marcus Jordan, Jeezy, Quavo, The-Dream, Swizz Beatz, Timbaland, Fat Joe, Cedric The Entertainer, Joey Fatone, and more. The foundation raised over $500,000 which benefited the enrichment of children and youth through educational programming, scholarships, and extracurricular activities.

More guests and partners for 2024 will be unveiled soon.

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