We are not microfinance- Menzgold

Menzgold Company Limited, an investment company has stated that they are not microfinance that takes deposits from its customers.

The Corporate Manager of the company Nana Yaw Offei explained that the company does not take deposits from customers because it is not a financial institution.

His comment comes on the heels of the Bank of Ghana (BoG) cautioning 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 August 8, 2017 noted that Ghanaians who defy this caution do that at their own risk.

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.

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.”