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SEC orders Menzgold to suspend ‘illegal’ trading operations

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Menzgold Ghana Limited has been asked to suspend its gold trading operations with the public by the Securities and Exchange Commission (SEC). According to the SEC, Menzgold has been dealing in the purchase and deposit of gold collectibles from the public and issuing contracts with guaranteed returns with clients, without a valid license from the Commission. This, the SEC says, is in contravention of “section 109 of Act 929 with consequences under section 2016 (I) of the same Act.” The company has however been cleared to continue its “other businesses of assaying, purchasing gold from small-scale miners and export of gold.” The SEC said in its statement, dated September 7, that it has been investigating Menzgold since 2017 but paid a working visit to the company on August 23, 2018 where they met with the Commercial Manager, Nana Yaw Offei and an adviser to the company’s CEO, Derek Akubia. SEC stated that despite being licensed to only purchase and export gold from licensed sellers, Menzgold also sells and purchases gold collectibles from the general public through its agent, Brew Marketing. The Commission has since requested for “detailed information” on the activities of the company which the lawyers of Menzgold have agreed to provide within 14 days. https://ameyawdebrah.com/zylofon-media-menzgold-boss-spotted-private-jet/ The SEC, however, believes that this notwithstanding, the company’s activities constitute an illegality and are “a threat to unsuspecting and uninformed investors.” The statement from the SEC added that failure by Menzgold to comply with the directive “will lead to the SEC employing other relevant measures under the law to enforce compliance.” The Commission also called on the Minerals Commission which licensed the operations of the gold trading company to “call Menzgold to order and direct it to conduct its business in accordance with the licenseissued to it by MINCOM” SOURCE: citinewsroom]]>

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‘A Country Called Ghana’ Grabs Nomination For 2024 Nollywood Film Festival In Germany

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'A Country Called Ghana' Grabs Nomination For 2024 Nollywood Film Festival In Germany

Ghanaian actor and musician, Kwadwo Nkansah, popularly known as Lil Win’s latest movie titled ‘A Country Called Ghana’ has gained a nomination and is scheduled to be screened at the 2024 Nollywood Film Festival in Germany.

The movie which was directed by Frank Fiifi Ghabin and Executively directed by Kwadwo Nkansah Lil win, is a Ghana-Nigeria collaboration, that sees some of the finest actors and actresses from the two countries to entertain and educate movie lovers about the need to preserve their heritage.

The movie project features Ramsey Nouah, Charles Awurum, and Victor Osuagwu, popularly known as ‘Awilo Sharp Sharp,’ Paa George, and Sweet Mimi, among others.

‘A Country Called Ghana’ aims to get a slot on Netflix and gain recognition globally, being nominated and screened at the Nollywood Film Festival is a significant achievement.

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Nollywood Festival/NEGA Awards Germany is an annual event dedicated to showcasing the best of Nollywood to the German audience to Foster international trading and exchange opportunities in this largely untapped market.

The Year’s edition is scheduled to take place at GOETHE University, Purple Cinema, Mertonstr 26-28, in Frankfurt AM Main, Germany on August 3rd, 2024.

About Kwadwo Nkansah Lil Win                

Kwadwo Nkansah, professionally known as Lil Win, is a Ghanaian artist, musician, actor, and comedian. He is the founder and director of Great Minds International School in Kumasi and CEO of Weezy empire, in the Ashanti Region of Ghana.

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Story By : Zolla Nie(Livenewsgh)

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Social Trends: Davido & Chioma’s Exclusive Wedding Sparks Debate

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Davido & Chioma's Exclusive Wedding Sparks Debate

Nigerian musician Davido is set to marry his long-time partner, Chioma, on June 25th, 2024.

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The wedding has attracted significant attention, with discussions ranging from the lavishness of the engagement ring to financial advice suggesting the money could have been better invested in a business for Chioma.

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There are also comments on the exclusivity of the event, with some expressing disappointment at not being invited.

Read Also: Davido sues baby mama Sophia Momodu for custody of daughter Imade

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The wedding has been a topic of both celebration and critique, reflecting the public’s interest in celebrity relationships and financial decisions.

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Ghanaian Artistes Need to Blend Our Local Language with English to Go Global Like Angelique Kidjo and Others – Edwardaganesh

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Media personality Edwardaganesh, in his interview with Prudent on Guide Radio, stated that our lack of global recognition is due to most of our artistes singing in Twi, Ewe, and other local languages.

He also mentioned that to win Grammys, one must meet international standards. The Grammys are not just about numbers or money but meeting specific requirements. One must be eligible. He added that this is why Davido and Burna Boy receive nominations every year.

Edwardaganesh was born on Sunday, March 29th, 1998, in Konongo, in the Ashanti Region. He is a blogger, TV presenter, and publicist, currently working with Sista Afia and Efya Nokturnal. He is also the personal assistant to Felicia Osei of Onua TV.

Edwardaganesh started his career as an actor but decided to venture into other avenues to gain more profit in the industry and come into the limelight.

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He is also a registered general nurse who graduated from the 37 Military Hospital Nursing and Midwifery Training College in 2022. He currently works as a social media handler and publicist.

Edward believes in making hay while the sun shines.

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YouTube asked to mute Team Eternity Ghana’s Defe Defe as copyright issue heightens

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The dispute over copyright infringement between prominent Ghanaian music producer Kwame Mickey and the musical group Team Eternity has taken a surprising turn. (more…)

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86,000 Passports remain uncollected -Yaw Osafo Maafo

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Over 86,000 passports remain uncollected at the Passport Office, the Senior Government Advisor on Public Sector Reforms, Yaw Osafo-Maafo, has said. (more…)

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Yvonne Nelson considers releasing part two of “I’m Not Yvonne Nelson” memoir

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I was seeking refuge in a friend's house due to threats after leading ''Dumsor Vigil''-Yvonne Nelson

Exactly one year after the publication of her controversial memoir, “I Am Not Yvonne Nelson,” the well-known Ghanaian actress and movie producer, Yvonne Nelson, is considering releasing a sequel. (more…)

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