BoG vrs Menzgold: fight of the fittest


In recent times there has been several questions concerning how Menzgold operate. After the collapse of 5 banks in the country to save the nation from extra debt, The Bank of Ghana (BoG) has made several accusations towards the Menzgold which happens to be an institution which deals in gold as in gold delearship. This has ended up to be a fight between BoG vrs Menzgold.

According to the allegations made by BoG Menzgold doesn’t have license to sell gold, therefore their operations are illegal, but per the operations of Menzgold it is a different story from what BoG is accusing them off, this is how Menzgold operates

You buy at least 2 pounds of gold from Brew Consult, then you deposit the gold with Menzgold after you start receiving  interest on the gold you deposited.
BoG vrs Menzgold: fight of the fittest
Menzgold has not been shut down
According to the CEO of Menzgold  Nana Appiah Mensah, this is a plot to collapse the firm. This has sparked endless convo’s on social media

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