BoG and SEC are protecting us; why fight them? Menzgold should go to court – Pratt

 

Seasoned journalist, Kwesi Pratt Jnr., has descended heavily on Menzgold and its Chief Executive Officer, Nana Appiah Mensah, over the brouhaha involving the gold firm, the Securities and Exchange Commission (SEC) and Bank of Ghana.

Menzgold Ghana, a company trading in gold collectibles, has been directed to shut down by the Securities and Exchange Commission (SEC) for not having a permit to operate.

The SEC wrote to the company, demanding that all trading in gold without licence be ceased.

It asked the company not to take new contracts (investments) and also halt broadcast and publishing of all its adverts.

This comes after the Bank of Ghana warned customers and the general public from transacting business with Menzgold stating emphatically that it’s unlicensed and any individual who deals with it do so at his or her own risk.

Some sympathizers of the company have begun a social media appeal with #IstandwithMenzgold and #JusticeforMenzgold with others demonstrating against the State regulators, claiming they’re on a “witch hunt” agenda.

But Kwesi Pratt has asked the Bank of Ghana, SEC and all the appropriate State regulators in the financial sector not to spare Menzgold if indeed they’re not operating within the remits of the laws of Ghana.

He asked management of Menzgold to comply with the directives of the SEC and acquire the right documents and licence to operate as a gold company.

Kwesi Pratt also called on Ghanaians to reason out why Menzgold hasn’t proceeded to court to present their case if the company believes they’re acting lawfully and that the SEC is oppressing them.

“If what the Securities and Exchange Commission is doing is unlawful, why doesn’t Menzgold go to court? Go to court and present your case…They should go to court and stop the Bank of Ghana, and stop the Securities and Exchange Commission”.

He told host Kwami Sefa Kayi on Peace FM‘s Kokrokoo that Menzgold as any company or individual is not above the laws of a country.

“Why should we spare someone saying if his company flouts the law and we’re sanctioning it, it will disturb some people? Whose company you touch won’t worry other people…The Securities and Exchange Commission and Bank of Ghana are protecting us, why then do we fight them?” he questioned.

 

Source: adomonline.com

Ogyem Solomon

Solomon Ogyem – Media Entrepreneur | Journalist | Brand Ambassador Solomon Ogyem is a dynamic Ghanaian journalist and media entrepreneur currently based in South Africa. With a solid foundation in journalism, Solomon is a graduate of the OTEC School of Journalism and Communication Studies in Ghana and Oxbridge Academy in South Africa. He began his career as a reporter at OTEC 102.9 MHz in Kumasi, where he honed his skills in news reporting, community storytelling, and radio broadcasting. His passion for storytelling and dedication to the media industry led him to establish Press MltiMedia Company in South Africa—a growing platform committed to authentic African narratives and multimedia journalism. Solomon is the founder and owner of Thepressradio.com, a news portal focused on delivering credible, timely, and engaging stories across Ghana and Africa. He also owns Press Global Tickets, a service-driven venture in the travel and logistics space, providing reliable ticketing services. In addition to his media ventures, Solomon serves as a Brand Ambassador for Alabuga, a prominent Russian industrial company, representing their interests and expansion across Africa. He previously owned two notable websites—Ghanaweb.mobi and ShowbizAfrica.net—both of which contributed to entertainment and socio-political discussions within Ghana’s digital space. With a diverse background in media, digital journalism, and business, Solomon Ogyem is dedicated to telling impactful African stories, empowering youth through media, and building cross-continental media partnerships.

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